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ICE Futures Europe

Crude Outright – Johan Sverdrup (Platts) Future

Description

A monthly cash settled future based on the Platts daily assessment price for Johan Sverdrup crude.

Market Specifications

Trading Screen Product Name
Crude Futures
Trading Screen Hub Name
Johan Sverdrup (Platts)
Contract Symbol
JSF
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 ($0.001) per barrel
Last Trading Day
Last Trading Day of the contract month
Floating Price
In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.
Final Settlement
In respect of final settlement, the Floating Price will be a price in USD and cents per barrel based on the average of the “Mid” quotations appearing in the “Platts Crude Oil Marketwire” report under the heading “North Sea Spot Crude Assessments ($/barrel)” for “Johan Sverdrup” for each business day (as specified below) in the determination period.
Contract Series
Up to 72 consecutive months
Final Payment Date
Two Clearing House Business Days following the Last Trading Day
Business Days
Publication days for Platts Crude Oil Marketwire
MIC Code
IFEU
Clearing Venues
ICEU

Trading Hours

CityTradingPre-Open
New York7:50 PM - 6:00 PM*
19:50 - 18:00
7:40 PM
19:40
London12:50 AM - 11:00 PM*
00:50 - 23:00
12:40 AM
00:40
Singapore7:50 AM - 6:00 AM*
07:50 - 06:00
7:40 AM
07:40

*Next Day

Sunday Pre-Open: 17:40, Open: 17:50

Codes

Clearing Admin Name
Crude Outrights
Physical
JSF
Logical
JSF
GMI (FC)
ION A.C.N.
Symbol Code
JSF