A monthly cash settled swap based on the Platts daily assessment
price for Eurobob Oxy FOB Rotterdam Barges.
Market Specifications
Trading Screen Product Name
Platts Gasoline
Trading Screen Hub Name
Eurobob Oxy FOB Rdam Bg (Platts)
Rule Number
13110
Contract Symbol
GDG
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
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
“Mid” quotations appearing in the “Platts
European Marketscan” under the heading “Northwest
Europe barges” subheading “FOB Rotterdam” for
“Eurobob” 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
Five (5) New York Business Days after each settlement date via wire
transfer of 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.