Marine Fuel 0.5% FOB Med Cargoes vs Marine Fuel 0.5% FOB Rotterdam Barges Swap82994020
ICE OTC
Marine Fuel 0.5% FOB Med Cargoes vs Marine Fuel 0.5% FOB Rotterdam Barges Swap
Description
A monthly cash settled swap based on the difference between the Platts daily assessment price 0.5% FOB Med Cargoes Marine Fuel and the Platts daily assessment price for 0.5% FOB Rotterdam Barges Marine Fuel.
Market Specifications
- Trading Screen Product Name
- Platts Marine Fuel
- Trading Screen Hub Name
- Marine 0.5% FOB Med Cg (Platts)/Marine 0.5% FOB Rdam Bg (Platts)
- Contract Symbol
- MDK
- Contract Size
- 100 metric tonnes
- Unit of Trading
- Any multiple of 100 metric tonnes
- Currency
- US Dollars and cents
- Trading Price Quotation
- One tenth of cent ($0.001) per metric tonne
- Last Trading Day
- Last Trading Day of the contract month
- Final Settlement
- In respect of final settlement, the Floating Price will be a price in USD and cents per metric tonne based on the average of the “$/mt” quotations appearing in the “Platts European Marketscan” under the heading “Marine Fuel” for “0.5% FOB Mediterranean cargo” and the average of “$/mt” quotations appearing in the “Platts European Marketscan” under the heading “Marine Fuel” for “0.5% FOB Rotterdam barge” for each business day (as specified below) in the determination period.
- Contract Series
- Up to 2 consecutive monthly contracts, or as otherwise determined by the Exchange.
- Final Payment Date
- Five (5) New York Business Days after each settlement date via wire transfer or Federal funds
- Business Days
- Publication days for Platts European Marketscan
- Other Terms
- To be confirmed directly between the parties in their full form of contract. The terms reflected in such contracts shall be controlling.
- MIC Code
- ICES
- Clearing Venues
- Bilateral
Related Products
Trading Hours
| City | Trading | Pre-Open |
|---|---|---|
| NEW YORK | 7:50 PM - 6:00 PM* 19:50 - 18:00 | 7:40 PM 19:40 |
| LONDON | 12:50 AM - 11:00 PM 00:50 - 23:00 | 12:40 AM 00:40 |
| SINGAPORE | 8:50 AM - 7:00 AM* 08:50 - 07:00 | 8:40 AM 08:40 |
*Next Day
Sunday Pre-Open 5:40 PM ET; Closed on Saturday
Codes
- Clearing Admin Name
- Ref Diffs mt
- Physical
- MDK
- Logical
- MDK
- GMI (FC)
- ION A.C.N.
- Symbol Code
- MDK