- Trading Screen Product Name
- Fuel Oil Diff Futures
- Trading Screen Hub Name
- 1% NYH Cg (Platts)/USGC HSFO (Platts)
- Contract Symbol
FOD
- 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 ($0.001) per barrel
- Last Trading Day
Last Trading Day of the contract month
- Floating Price
In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.
- Final Settlement
In respect of final settlement, the Floating Price will be a price
in USD and cents per barrel based on the difference between the
average of the “Mid” appearing in the “Platts US
Marketscan” under the heading “Atlantic Coast”
subheading “New York Harbor” and “Delivered cargo
($/barrel)” for “No. 6 1%” and the average of the
“Mid” quotations appearing in the “Platts US
Marketscan” under the heading “Gulf Coast”
subheading “Houston” and “$/barrel” for
“USGC HSFO” for each business day (as specified below)
in the determination period.
- Contract Series
Up to 48 consecutive months
- Final Payment Date
Two Clearing House Business Days following the Last Trading Day
- Business Days
Publication days for Platts US Marketscan
- MIC Code
- IFED
- Clearing Venues
- ICEU