- Trading Screen Product Name
- Naphtha Crack Futures (bbl)
- Trading Screen Hub Name
- C&F Japan Cg (Platts)/Murban Sing Marker 1st Line
- Contract Symbol
MUV
- 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 ($0.001) per barrel
- Last Trading Day
Last Trading Day of the contract month
- Floating Price
In respect of daily settlement, the Floating Price will be
determined by ICE using price data from a number of sources
including spot, forward and derivative markets for both physical
and financial products.
- Final Settlement
In respect of final settlement, the Floating Price will be a price
in USD and cents per barrel based on the difference between the
average of the “Mid” quotations appearing in
“Platts Asia-Pacific/Arab Gulf Marketscan” under the
heading “Asia Products” subheading “Japan
physical oil assessments” and “C+F Japan ($/mt)”
for “Naphtha” 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 = 8.90 barrels.
Non-Common Pricing applies.
- Roll Adjust Provision
The Floating Price quotations, used for determining the Final
Settlement Price of the Murban 1st Line leg, will be the front
month Murban Crude Oil Future contract daily settlement prices,
except on the expiration date of the front month Murban Crude Oil
Future contract. On such date, the applicable Floating Price
quotation will be the daily settlement price of the following
month’s Murban Crude Oil Future contract.
- 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