- Trading Screen Product Name
- Gasoil Diff Futures
- Trading Screen Hub Name
- 0.1 CIF Med Cg/0.1 FOB Med Cg (Platts)
- Contract Symbol
JFW
- Contract Size
1,000 metric tonnes
- Unit of Trading
Any multiple of 1,000 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 difference between
average of the “Mid” quotations appearing in "Platts
European Marketscan" under the heading "Mediterranean cargoes"
subheading "CIF Med (Genova/Lavera)" for "Gasoil 0.1%" and the
average of the “Mid” quotations appearing in the
"Platts European Marketscan" under the heading "Mediterranean
cargoes" subheading "FOB Med (Italy)" for "Gasoil 0.1%" for each
business day (as specified below) in the determination period.
- Contract Series
Up to 60 consecutive months
- Final Payment Date
Two Clearing House Business Days following the Last Trading Day
- Business Days
Publication days for Platts European Marketscan
- MIC Code
- IFEU
- Clearing Venues
- ICEU