- Trading Screen Product Name
- Fuel Oil Crack Futures
- Trading Screen Hub Name
- 380cst Sing (Platts)/Murban Sing Marker 1st Line
- Contract Symbol
MUT
- Contract Size
1,000 metric tonnes (6,350 barrels)
- Unit of Trading
Any multiple of 1,000 metric tonnes
- Currency
US Dollars and cents
- Trading Price Quotation
One cent ($0.01) per barrel
- Settlement Price Quotation
One hundredth of one cent ($0.0001) per barrel
- Minimum Price Fluctuation
One hundredth of one cent ($0.0001) per barrel
- Last Trading Day
Last Trading Day of the contract month
- Floating Price
In respect of daily settlement, the Floating Price will be
determined by ICE using price data from a number of sources
including spot, forward and derivative markets for both physical
and financial products.
- Final Settlement
In respect of final settlement, the Floating Price will be a price
in USD and cents per barrel based on the difference between the
average of the “Mid” quotations appearing in
“Platts Asia-Pacific/Arab Gulf Marketscan” under the
heading “Asia Products” subheading
“Singapore” and “FOB Singapore ($/barrel)”
for “HSFO 380 CST ($/mt)” and the average of the
Singapore Marker prices (at 16:30 Singapore Prevailing Time) as
made public by ICE for the front month Murban Crude Oil Future
contract for each business day (as specified below) in the
determination period.
conversion factor: 1 metric tonne = 6.35 barrels.
Non-Common Pricing applies.
- Contract Series
Up to 48 consecutive months
- Final Payment Date
Two Clearing House Business Days following the Last Trading Day.
- Business Days
ICE business days and publication days for Platts Asia-Pacific/Arab
Gulf Marketscan
- MIC Code
- IFAD
- Clearing Venues
- ICEU