Singapore Gasoil Swap

ICE OTC

A monthly cash settled swap based on the Platts daily assessment price for Singapore Gasoil

Trading Screen Product Name: Platts GO
Trading Screen Hub Name: Sing Gasoil 10ppm (Platts)
Rule Number: 1388
Contract Symbol: GST
Contract Size: 1,000 barrels
Unit of Trading: Any multiple of 1,000 barrels
Currency: US Dollars and cents
Trading Price Quotation: One cent ($0.01) per barrel
Last Trading Day: Last Trading Day of the contract month
Final Settlement: In respect of final settlement, the Floating Price will be a price in USD and cents per barrel based on the average of the “Mid” quotations appearing in the “Platts Asia-Pacific/Arab Gulf Marketscan” under the heading “Singapore” subheading “FOB Singapore ($/barrel)” for “Gasoil ” for each business day (as specified below) in the determination period.
Contract Series: Up to 60 consecutive months, or as otherwise determined by the SEF
Final Payment Date: Fourteen (14) Calendar Days after each settlement date via wire transfer or Federal funds
Business Days: Publication days for Platts Asia-Pacific/Arab Gulf 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

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