Gasoil Diff - Middle East Gasoil FOB Arab Gulf (Platts) vs Singapore Gasoil (Platts) Balmo Future83049117
ICE Futures Europe
Gasoil Diff - Middle East Gasoil FOB Arab Gulf (Platts) vs Singapore Gasoil (Platts) Balmo Future
Description
A balance of the month cash settled future based on the difference between the Platts daily assessment price for Gasoil FOB Arab Gulf and the Platts daily assessment price for Singapore Gasoil.
Market Specifications
- Trading Screen Product Name
- Gasoil Diff Futures (balmo)
- Trading Screen Hub Name
- Mid East GO FOB AG/Sing GO (Platts)
- Contract Symbol
- GDY
- Contract Size
- 1,000 barrels
- Unit of Trading
- Any multiple of 1,000 barrels
- Currency
- US Dollars and cents
- Trading Price Quotation
- One cent ($0.01) per barrel
- Settlement Price Quotation
- One tenth of one cent ($0.001) per barrel
- Minimum Price Fluctuation
- One tenth of one cent ($0.001) per barrel
- Last Trading Day
- Last Trading Day of the contract month
- Floating Price
- In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.
- Contract Series
- Up to 2 consecutive months, or as otherwise determined by the Exchange.
- Final Settlement
- In respect of final settlement, the Floating Price will be a price in USD and cents per barrel based on the difference between the average of the “Mid” quotations appearing in the "Platts Asia-Pacific/Arab Gulf Marketscan" under the heading "Asia Products" subheading "Middle East physical oil assessments" and "FOB Arab Gulf ($/barrel)" for "Gasoil" and the average of the “Mid” quotations appearing in the “Platts Asia-Pacific/Arab Gulf Marketscan” under the heading “Singapore” subheading “FOB Singapore ($/barrel)” for “Gasoil” for each business day (as specified below) in the determination period.
- 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
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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 | 7:50 AM - 6:00 AM* 07:50 - 06:00 | 7:40 AM 07:40 |
Sunday Pre-Open 5:10 PM ET; Closed on Saturday
Codes
- Clearing Admin Name
- Ref Diffs bbl
- Physical
- GDY
- Logical
- GDY
- GMI (FC)
- ION A.C.N.
- Symbol Code
- GDY