- Trading Screen Product Name
- Gasoil Futures
- Trading Screen Hub Name
- Middle East 500 ppm Gasoil FOB Fujairah (Platts)
- Contract Symbol
NPE
- 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 metric tonne
- Settlement Price Quotation
One tenth of one cent ($0.001) per metric tonne
- Minimum Price Fluctuation
One tenth of one cent ($0.001) per metric tonne
- Last Trading Day
Last Trading Day of the contract month
- Floating Price
In respect of daily settlement, the Floating Price will be
determined by ICE using price data from a number of sources
including spot, forward and derivative markets for both physical
and financial products.
- Final Settlement
In respect of final settlement, the Floating Price will be a price
in USD and cents per barrel based on the average of the
“Mid” quotations appearing in the “Platts
Asia-Pacific/Arab Gulf Marketscan” under the heading
“Middle East physical oil assessments” subheading
“FOB Fujairah ($/barrel)” for “Gasoil 500
ppm” for each business day (as specified below) in the
determination period.
- Contract Series
Up to 60 consecutive months or as otherwise determined by the
exchange.
- Final Payment Date
Two Clearing House Business Days following the Last Trading Day
- Business Days
Publication days for Platts Asia-Pacific/Arab Gulf Marketscan
- MIC Code
- IFEU
- Clearing Venues
- ICEU