- Trading Screen Product Name
- Fuel Oil Futures
- Trading Screen Hub Name
- Marine 0.5% FOB Sing (Platts) Micro
- Contract Symbol
GNU
- Contract Size
10 metric tonnes
- Unit of Trading
Any multiple of 10 metric tonnes
- Currency
US Dollars and cents
- Trading Price Quotation
One cent ($0.01) per metric tonne
- Settlement Price Quotation
One tenth of one cent ($0.001) per metric tonne
- Minimum Price Fluctuation
One tenth of one cent ($0.001) per metric tonne
- Last Trading Day
Last Trading Day of the contract month
- Floating Price
In respect of daily settlement, the Floating Price will be
determined by ICE using price data from a number of sources
including spot, forward and derivative markets for both physical
and financial products.
- Final Settlement
In respect of final settlement, the Floating Price will be a price
in USD and cents per metric tonne based on the average of the
“$/mt” quotations appearing in the Platts
Asia-Pacific/Arab Gulf Marketscan" under the heading "Marine Fuel "
for “0.5% FOB Singapore cargo” for each business day
(as specified below) in the determination period.
- Contract Series
Up to 72 consecutive months
- Final Payment Date
Two Clearing House Business Days following the Last Trading Day.
- Business Days
Publication days for Platts Asia-Pacific/Arab Gulf Marketscan
- MIC Code
- IFEU
- Clearing Venues
- ICEU