Post on 22-Mar-2020
SECTION TTT PART II A: OUTRIGHTS – CRUDE OIL AND REFINED PRODUCTS
© ICE Futures Europe 2019 1
TTT PART II: SPECIFIC STANDARD TERMS FOR SWAP FUTURES CONTRACTS:
A. OUTRIGHTS - CRUDE OIL AND REFINED PRODUCTS
6. Crude Outright – Brent 1st Line Balmo Future .......................................................................................... 2
10. Crude Outright – Dated Brent (Platts) Balmo Future ................................................................................ 3
14. Crude Outright – Dubai 1st Line (Platts) Balmo Future ............................................................................. 4
16. Crude Outright – Dubai 1st Line (Platts) Balmo Mini Future .................................................................... 5
38. Gasoil Outright – Singapore Gasoil 0.05% (Platts) Balmo Future ............................................................ 6
54. Jet Fuel Outright – Singapore Jet Kerosene (Platts) Balmo Future ........................................................... 7
69. Biodiesel Outright – Soybean Oil Penultimate Day 1st Line Balmo Future ............................................. 8
72. Diesel Outright – Diesel 10ppm FOB ARA Barges (Platts) Balmo Future ............................................... 9
80. Diesel Outright – ULSD 10ppm CIF NWE Cargoes (Platts) Balmo Future ........................................... 10
83. Fuel Oil Outright – Fuel Oil 1% CIF Med Cargoes (Platts) Balmo Future ............................................. 11
92. Fuel Oil Outright – Fuel Oil 1% FOB NWE Cargoes (Platts) Balmo Future .......................................... 12
95. Fuel Oil Outright – Fuel Oil 1% FOB Rotterdam Barges (Platts) Balmo Future .................................... 13
98. Fuel Oil Outright – Fuel Oil 180 CST Singapore (Platts) Balmo Future................................................. 14
103. Fuel Oil Outright – Fuel Oil 3.5% FOB Med Cargoes (Platts) Balmo Future ......................................... 15
105. Fuel Oil Outright – Fuel Oil 3.5% FOB Med Cargoes (Platts) Balmo Mini Future ................................ 16
107. Fuel Oil Outright – Fuel Oil 3.5% FOB Rotterdam Barges (Platts) Balmo Future ................................. 17
111. Fuel Oil Outright – Fuel Oil 380 CST Singapore (Platts) Balmo Future................................................. 18
125. Gasoil Outright – Gasoil 0.1% CIF NWE Cargoes (platts) Balmo Future .............................................. 19
130. Gasoil Outright – Gasoil 0.1% FOB ARA Barges (Platts) Balmo Future ............................................... 20
135. Gasoil Outright – Low Sulphur Gasoil 1st Line Balmo Future ................................................................ 21
139. Gasoline Outright – Argus Eurobob Oxy FOB Rotterdam Barges Balmo Future ................................... 22
140. Gasoline Outright – Argus Eurobob Oxy FOB Rotterdam Barges Balmo Mini Future .......................... 23
159. Naphtha Outright – Naphtha C+F Japan (Platts) Balmo Future .............................................................. 24
SECTION TTT PART II A: OUTRIGHTS – CRUDE OIL AND REFINED PRODUCTS
2 © ICE Futures Europe 2019
TTT 6. CRUDE OUTRIGHT – BRENT 1
ST LINE BALMO SWAP FUTURE
Description A balance of the month cash settled swap future based on the ICE
daily settlement price for Brent Crude Futures.
Contract Symbol CMA-CMZ; CNA-CNEBSQ
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 Price In respect of final settlement, the Floating Price will be a price in
USD and cents per barrel based on the average of the settlement
prices as made public by ICE for the front month ICE Brent Crude
Futures contract for the month of production.
Roll Adjust Provision In order to use the correct Floating Price quotations, the nearby
month quotation for ICE Brent Futures specified in the Floating Price
terms above will be used except for the expiration date of the
commodity's underlying delivery month's futures contract. On such
date, the applicable pricing quotation will be rolled to the following
month's futures contract.
Contract Series Up to 2 consecutive months
Final Payment Date Two Clearing House Business Days following the Last Trading Day
business days Publication days for ICE
SECTION TTT PART II A: OUTRIGHTS – CRUDE OIL AND REFINED PRODUCTS
© ICE Futures Europe 2019 3
TTT 10. CRUDE OUTRIGHT – DATED BRENT (PLATTS) BALMO FUTURE
1
Description A balance of the month cash settled future based on the Platts daily
assessment price for Dated Brent
Contract Symbol 0Q0-0QUDBQ
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 ($0.001) per barrel
Last Trading Day Last Trading Day of the contract month
Floating Price In respect of daily settlement, the Floating Price will be determined by
ICE using price data from a number of sources including spot, forward,
and derivative markets for both physical and financial products.
Final Settlement Price In respect of final settlement, the Floating Price will be a price in USD and
cents per barrel based on the average of the “Mid” quotations appearing in
“Platts Crude Oil Marketwire” under the heading “Key benchmarks
($/barrel)” for “Brent (Dated)” for each business day (as specified below)
in the determination period.
Contract Series Up to 2 consecutive calendar months
Final Payment Date Two Clearing House Business Days following the Last Trading Day.
business days Publication days for Platts Crude Oil Marketwire
1 Inserted 22 September 2014
SECTION TTT PART II A: OUTRIGHTS – CRUDE OIL AND REFINED PRODUCTS
4 © ICE Futures Europe 2019
TTT 14. CRUDE OUTRIGHT – DUBAI 1
ST LINE (PLATTS) BALMO SWAP FUTURE
Description A balance of the month cash settled swap future based on the Platts
daily assessment price for Dubai Crude.
Contract Symbol AMA-AMZ; ANA-ANEDBJ
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 ($0.001) per barrel
Last Trading Day Last Trading Day of the contract month
Floating Price In respect of daily settlement, the Floating Price will be determined by
ICE using price data from a number of sources including spot, forward
and derivative markets for both physical and financial products.
Final Settlement Price In respect of final settlement, the Floating Price will be a price in USD
and cents per barrel based on the average of the “Mid”mean of the
high and low quotations appearing in “Platts Crude Oil Marketwire”
under the heading “Key benchmarks ($/bbarrel)” for “Dubai” prompt
month for each business day (as specified below) in the determination
period.
Contract Series Up to 2 consecutive months
Final Payment Dates Two Clearing House Business Days following the Last Trading Day
business days Publication days for Platts Crude Oil Marketwire
SECTION TTT PART II A: OUTRIGHTS – CRUDE OIL AND REFINED PRODUCTS
© ICE Futures Europe 2019 5
TTT 16. CRUDE OUTRIGHT – DUBAI 1
ST LINE (PLATTS) BALMO MINI FUTURE
2
Description A balance of the month cash settled mini future based on the Platts daily
assessment price for Dubai Crude.
Contract Symbol DPX-DRBDBK
Contract Size 100 barrels
Unit of Trading Any multiple of 100 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 ($0.001) per barrel
Last Trading Day Last Trading Day of the contract month
Floating Price In respect of daily settlement, the Floating Price will be determined by ICE
using price data from a number of sources including spot, forward and
derivative markets for both physical and financial products
Final Settlement Price In respect of final settlement, the Floating Price will be a price in USD and
cents per barrel based on the average of the “Mid”mean of the high and
low quotations appearing in “Platts Crude Oil Marketwire” under the
heading “Key benchmarks ($/bbarrel)” for “Dubai” prompt month for each
business day (as specified below) in the determination period.
Contract Series Up to 2 consecutive months
Final Payment Dates Two Clearing House Business Days following the Last Trading Day
business days Publication days for Platts Crude Oil Marketwire
2 Inserted 18 November 2013
SECTION TTT PART II A: OUTRIGHTS – CRUDE OIL AND REFINED PRODUCTS
6 © ICE Futures Europe 2019
TTT 38. GASOIL OUTRIGHT – SINGAPORE GASOIL 0.05% (PLATTS) BALMO FUTURE
25
Description A balance of the month cash settled future based on the Platts daily
assessment price for Singapore Gasoil 0.05% sulfur.
Contract Symbol VXC-VXZ; VYA-VYGSWT
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 ($0.001) per barrel
Last Trading Day Last Trading Day of the contract month
Floating Price In respect of daily settlement, the Floating Price will be determined
by ICE using price data from a number of sources including spot,
forward and derivative markets for both physical and financial
products.
Final Settlement Price In respect of final settlement, the Floating Price will be a price in
USD and cents per barrel based on the average of the “Mid”
quotations appearing in "Platts Asia-Pacific/Arab Gulf Marketscan"
under the heading "Asia Products" subheading "Singapore" and
"FOB Singapore ($/barrel)" for "Gasoil 0.05% sulfur" for each
business day (as specified below) in the determination period.
Contract Series Up to 2 consecutive months
Final Payment Dates Two Clearing House Business Days following the Last Trading Day
business days Publication days for Platts Asia-Pacific/Arab Gulf Marketscan
25
Amended 2 January 2013, 5 April 2017, 2 January 2018
SECTION TTT PART II A: OUTRIGHTS – CRUDE OIL AND REFINED PRODUCTS
© ICE Futures Europe 2019 7
TTT 54. JET FUEL OUTRIGHT – SINGAPORE JET KEROSENE (PLATTS) BALMO SWAP
FUTURE
Description A balance of the month cash settled swap future based on the Platts
daily assessment price for Singapore Jet Kerosene.
Contract Symbol BQA-BQZ; BRA-BRESBJ
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 ($0.001) per barrel
Last Trading Day Last Trading Day of the contract month
Floating Price In respect of daily settlement, the Floating Price will be determined
by ICE using price data from a number of sources including spot,
forward and derivative markets for both physical and financial
products.
Final Settlement Price In respect of final settlement, the Floating Price will be a price in
USD and cents per barrel based on the average of the “Mid”mean of
the high and low quotations appearing in the “Platts Asia--
Pacific/Arab Gulf Marketscan” under the heading “Asia Products”
subheading “Singapore” and “FOB Singapore ($/barrel)” for
“Kerosene” for each business day (as specified below) in the
determination period.
Contract Series Up to 2 consecutive months
Final Payment Date Two Clearing House Business Days following the Last Trading
Day.
business days Publication days for Platts Asia-Pacific/Arab Gulf Marketscan
SECTION TTT PART II A: OUTRIGHTS – CRUDE OIL AND REFINED PRODUCTS
8 © ICE Futures Europe 2019
TTT 69. BIODIESEL OUTRIGHT – SOYBEAN OIL PENULTIMATE DAY 1ST LINE BALMO
FUTURE3
Description A balance of the month cash settled future based on the daily settlement
price for US Soybean Oil Futures (in metric tonnes), excluding the last
business day of each contract month.
Contract Symbol S25-S2ZSOW
Contract Size 100 metric tonnes (220,462 pounds)
Unit of Trading Any multiple of 100 metric tonnes
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 Trading shall cease at the close of trading on the penultimate business 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 Price 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 settlement prices as made
public by CBOT for the Soybean Oil Futures contract month subsequent to
the IFEU Soybean Oil Penultimate Day 1st Line Balmo Future contract
month being final settled (see schedule table below), excluding the last
business day of each contract month.
Conversion factor: 1 metric tonne = 2,204.62 pounds (lb).
IFEU Soybean Oil Penultimate Day
1st Line Balmo Future contract
month being Final Settled
CBOT Soybean Oil Futures
contract month used for Final
Settlement purposes
January March
February March
March May
April May
May July
June July
July August
August September
September October
October December
November December
December January
Contract Series Up to 2 consecutive months
Final Payment Dates Two Clearing House Business Days following the Last Trading Day
business days Publication days for CBOT, excluding the last business day of each contract
month.
3 Inserted 12 May 2014, Amended 25 July 2018
SECTION TTT PART II A: OUTRIGHTS – CRUDE OIL AND REFINED PRODUCTS
© ICE Futures Europe 2019 9
TTT 72. DIESEL OUTRIGHT – DIESEL 10PPM FOB ARA BARGES (PLATTS) BALMO FUTURE
4
Description A balance of the month cash settled future based on the Platts daily
assessment price for Diesel 10ppm FOB ARA Barges.
Contract Symbol CDA-CDZ; CEA-CEEDOS
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
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 Price 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
“Diesel 10 ppm*” for each business day (as specified below) in the
determination period.
Contract Series Up to 2 consecutive months
Final Payment Dates Two Clearing House Business Days following the Last Trading Day
business days Publication days for Platts European Marketscan
4 Amended 16 February 2015
SECTION TTT PART II A: OUTRIGHTS – CRUDE OIL AND REFINED PRODUCTS
10 © ICE Futures Europe 2019
TTT 80. DIESEL OUTRIGHT – ULSD 10PPM CIF NWE CARGOES (PLATTS) BALMO SWAP
FUTURE
Description A balance of the month cash settled swap future based on the Platts
daily assessment price for ULSD 10ppm CIF NWE Cargoes.
Contract Symbol FYA-FYZ; FZA-FZEULO
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
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 Price 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”mean of
the high and low quotations appearing in the “Platts European
Marketscan” under the heading “Northwest Europe cargoes”
subheading “CIF NWE/Basis ARA” for “ULSD 10 ppm” for each
business day (as specified below) in the determination period.
Contract Series Up to 2 consecutive months
Final Payment Dates Two Clearing House Business Days following the Last Trading Day
business days Publication days for Platts European Marketscan
SECTION TTT PART II A: OUTRIGHTS – CRUDE OIL AND REFINED PRODUCTS
© ICE Futures Europe 2019 11
TTT 83. FUEL OIL OUTRIGHT – FUEL OIL 1% CIF MED CARGOES (PLATTS) BALMO SWAP
FUTURE
Description A balance of the month cash settled swap future based on the Platts
daily assessment price for 1% CIF MED Cargoes Fuel Oil.
Contract Symbol CJA-CJZ; CKA-CKECIG
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
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 Price 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”mean between the high and low quotations appearing in the
“Platts European Marketscan” under the heading “Mediterranean
Ccargoes” subheading “CIF Med (Genova/Lavera)” for “Fuel Oil
1.0%” for each business day (as specified below) in the
determination period.
Contract Series Up to 2 consecutive months
Final Payment Dates Two Clearing House Business Days following the Last Trading Day
business days Publication days for Platts European Marketscan
SECTION TTT PART II A: OUTRIGHTS – CRUDE OIL AND REFINED PRODUCTS
12 © ICE Futures Europe 2019
TTT 92. FUEL OIL OUTRIGHT – FUEL OIL 1% FOB NWE CARGOES (PLATTS) BALMO SWAP
FUTURE
Description A balance of the month cash settled swap future based on the Platts
daily assessment price for 1% FOB NWE Cargoes Fuel Oil.
Contract Symbol AAA-AAZ; ABA-ABECAS
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
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 Price 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”mean
of the high and low quotations appearing in the "Platts European
Marketscan" under the heading "Northwest Europe cargoes"
subheading "FOB NWE" for "Fuel oOil 1.0%" for each business day
(as specified below) in the determination period.
Contract Series Up to 2 consecutive months
Final Payment Dates Two Clearing House Business Days following the Last Trading Day
business days Publication days for Platts European Marketscan
SECTION TTT PART II A: OUTRIGHTS – CRUDE OIL AND REFINED PRODUCTS
© ICE Futures Europe 2019 13
TTT 95. FUEL OIL OUTRIGHT – FUEL OIL 1% FOB ROTTERDAM BARGES (PLATTS) BALMO
SWAP FUTURE
Description A balance of the month cash settled swap future based on the
Platts daily assessment price for 1% FOB Rotterdam Barges Fuel
Oil.
Contract Symbol AWA-AWZ; AXA-AXEFOC
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
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 Price 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”mean of the high and low quotations appearing in the “Platts
European Marketscan” under the heading “Northwest Europe
Bbarges” subheading “FOB Rotterdam” for “Fuel Oil 1.0%” for
each business day (as specified below) in the determination period.
Contract Series Up to 2 consecutive months
Final Payment Dates Two Clearing House Business Days following the Last Trading Day
business days Publication days for Platts European Marketscan
SECTION TTT PART II A: OUTRIGHTS – CRUDE OIL AND REFINED PRODUCTS
14 © ICE Futures Europe 2019
TTT 98. FUEL OIL OUTRIGHT – FUEL OIL 180 CST SINGAPORE (PLATTS) BALMO SWAP
FUTURE
Description A balance of the month cash settled swap future based on the
Platts daily assessment price for 180 CST Singapore Fuel Oil.
Contract Symbol BLA-BLZ; BMA-BMESZT
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
Settlement Price Quotation One tenth of one cent ($0.001) per metric tonne
Minimum Price Fluctuation One tenth of one cent ($0.001) per metric tonne
Last Trading Day Last Trading Day of the contract month
Floating Price In respect of daily settlement, the Floating Price will be determined by
ICE using price data from a number of sources including spot, forward
and derivative markets for both physical and financial products.
Final Settlement Price In respect of final settlement, the Floating Price will be a price in
USD and cents per metric tonne based on the average of the
“Mid”mean of the high and low quotations appearing in the "Platts
Asia-Pacific/Arab Gulf Marketscan" under the heading "Asia
Products" subheading "Singapore" and "FOB Singapore ($/barrel)"
for "HSFO 180 CST ($/mt)" for each business day (as specified
below) in the determination period.
Contract Series Up to 2 consecutive months
Final Payment Dates Two Clearing House Business Days following the Last Trading Day
business days Publication days for Platts Asia-Pacific/Arab Gulf Marketscan
SECTION TTT PART II A: OUTRIGHTS – CRUDE OIL AND REFINED PRODUCTS
© ICE Futures Europe 2019 15
TTT 103. FUEL OIL OUTRIGHT – FUEL OIL 3.5% FOB MED CARGOES (PLATTS) BALMO SWAP
FUTURE
Description A balance of the month cash settled swap future based on the Platts
daily assessment price for 3.5% FOB Med Cargoes Fuel Oil.
Contract Symbol AUA-AUZ; AVA-AVEFON
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
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 Price 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”mean of the high and low quotations appearing in the “Platts
European Marketscan” under the heading “Mediterranean cargoes”
subheading “FOB MED (Italy)” for “Fuel Ooil 3.5%” for each
business day (as specified below) in the determination period.
Contract Series Up to 602 consecutive months
Final Payment Dates Two Clearing House Business Days following the Last Trading Day
business days Publication days for Platts European Marketscan
SECTION TTT PART II A: OUTRIGHTS – CRUDE OIL AND REFINED PRODUCTS
16 © ICE Futures Europe 2019
TTT 105. FUEL OIL OUTRIGHT – FUEL OIL 3.5% FOB MED CARGOES (PLATTS) BALMO MINI
FUTURE5
Description A balance of the month cash settled mini future based on the Platts daily
assessment price for 3.5% FOB Med Cargoes Fuel Oil.
Contract Symbol 175-17Z14V
Contract Size 100 metric tonnes
Unit of Trading Any multiple of 100 metric tonnes
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 ($0.001) per metric tonne
Last Trading Day Last Trading Day of the contract month
Floating Price In respect of daily settlement, the Floating Price will be determined by ICE
using price data from a number of sources including spot, forward and
derivative markets for both physical and financial products.
Final Settlement Price In respect of final settlement, the Floating Price will be a price in USD and
cents per metric tonne based on the average of the “Mid” quotations
appearing in the “Platts European Marketscan” under the heading
“European Products ($/mt)” and “Mediterranean cargoes” subheading
“FOB Med (Italy)” for “Fuel oil 3.5%” for each business day (as specified
below) in the determination period.
Contract Series Up to 2 consecutive months
Final Payment Dates Two Clearing House Business Days following the Last Trading Day
business days Publication days for Platts European Marketscan
MIC Code IFEU
Clearing Venue ICEU
5 Inserted 6 June 2016
SECTION TTT PART II A: OUTRIGHTS – CRUDE OIL AND REFINED PRODUCTS
© ICE Futures Europe 2019 17
TTT 107. FUEL OIL OUTRIGHT – FUEL OIL 3.5% FOB ROTTERDAM BARGES (PLATTS) BALMO
SWAP FUTURE
Description A balance of the month cash settled swap future based on the Platts
daily assessment price for 3.5% FOB Rotterdam Barges Fuel Oil.
Contract Symbol BXA-BXZ; BYA-BYEBAS
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
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
Final Settlement Price 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”mean of
the high and low quotations appearing in the “Platts European
Marketscan” under the heading “Northwest Europe barges”
subheading “FOB Rotterdam” for “Fuel Ooil 3.5%” for each business
day (as specified below) in the determination period.
Contract Series Up to 2 consecutive months
Final Payment Dates Two Clearing House Business Days following the Last Trading Day
business days Publication days for Platts European Marketscan
SECTION TTT PART II A: OUTRIGHTS – CRUDE OIL AND REFINED PRODUCTS
18 © ICE Futures Europe 2019
TTT 111. FUEL OIL OUTRIGHT – FUEL OIL 380 CST SINGAPORE (PLATTS) BALMO SWAP
FUTURE
Description A balance of the month cash settled swap future based on the
Platts daily assessment price for 380 CST Singapore Fuel Oil.
Contract Symbol BJA-BJZ; BKA-BKESYT
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
Settlement Price Quotation One tenth of one cent ($0.001) per metric tonne
Minimum Price Fluctuation One tenth of one cent ($0.001) per metric tonne
Last Trading Day Last Trading Day of the contract month
Floating Price In respect of daily settlement, the Floating Price will be determined
by ICE using price data from a number of sources including spot,
forward and derivative markets for both physical and financial
products.
Final Settlement Price In respect of final settlement, the Floating Price will be a price in
USD and cents per metric tonne based on the average of the
“Mid”mean of the high and low quotations appearing in the "Platts
Asia-Pacific/Arab Gulf Marketscan" under the heading "Asia
Products" subheading "Singapore" and "FOB Singapore ($/barrel)"
for "HSFO 180 380 CST ($/mt)" for each business day (as specified
below) in the determination period.
Contract Series Up to 2 consecutive months
Final Payment Dates Two Clearing House Business Days following the Last Trading Day
business days Publication days for Platts Asia-Pacific/Arab Gulf Marketscan
SECTION TTT PART II A: OUTRIGHTS – CRUDE OIL AND REFINED PRODUCTS
© ICE Futures Europe 2019 19
TTT 125. GASOIL OUTRIGHT – GASOIL 0.1% CIF NWE CARGOES (PLATTS) BALMO SWAP
FUTURE
Description A balance of the month cash settled swap future based on the Platts
daily assessment price for Gasoil 0.1% CIF NWE Cargoes.
Contract Symbol GFA-GFZ; GGA-GGEGCX
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
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 Price 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”mean of the high and low quotations appearing in “Platts
European Marketscan” under the heading “Northwest Europe
cargoes” subheading “CIF NWE/Basis ARA” for “Gasoil 0.1%” for
each business day (as specified below) in the determination period.
Contract Series Up to 2 consecutive months
Final Payment Dates Two Clearing House Business Days following the Last Trading Day
business days Publication days for Platts European Marketscan
SECTION TTT PART II A: OUTRIGHTS – CRUDE OIL AND REFINED PRODUCTS
20 © ICE Futures Europe 2019
TTT 130. GASOIL OUTRIGHT – GASOIL 0.1% FOB ARA BARGES (PLATTS) BALMO FUTURE
6
Description A balance of the month cash settled future based on the Platts daily
assessment price for Gasoil 0.1% FOB ARA Barges.
Contract Symbol EJA-EJZ; EKA-EKEGOG
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
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 Price 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 “Gasoil 0.1%*” for each business day (as specified below) in the
determination period.
Contract Series Up to 2 consecutive months
Final Payment Dates Two Clearing House Business Days following the Last Trading Day
business days Publication days for Platts European Marketscan
6 Amended 16 February 2015
SECTION TTT PART II A: OUTRIGHTS – CRUDE OIL AND REFINED PRODUCTS
© ICE Futures Europe 2019 21
TTT 135. GASOIL OUTRIGHT – LOW SULPHUR GASOIL 1
ST LINE BALMO SWAP FUTURE
Description A balance of the month cash settled swap future based on the ICE
daily settlement price for Low Sulphur Gasoil 1st Line Swap Futures.
Contract Symbol VEA-VEZ; VFA-VFEULV
Contract Size 100 metric tonnes
Unit of Trading Any multiple of 100 metric tonnes
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 Price 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
settlement prices as made public by ICE for the 1st LineICE Low
Sulphur Gasoil Futures contract for each business day (as specified
below) in the determination period.
Roll Adjust Provision In order to use the correct Floating Price quotations, the nearby
month quotation for ICE Low Sulphur Gasoil Futures specified in
the Floating Price terms above will be used except for the
expiration date of the commodity's underlying delivery month's
futures contract. On such date, the applicable pricing quotation will
be rolled to the following month's futures contract.
Contract Series Up to 2 consecutive months
Final Payment Dates Two Clearing House Business Days following the Last Trading
Day
business days Publication days for ICE
SECTION TTT PART II A: OUTRIGHTS – CRUDE OIL AND REFINED PRODUCTS
22 © ICE Futures Europe 2019
TTT 139. GASOLINE OUTRIGHT – ARGUS EURO-BBOB OXY FOB ROTTERDAM BARGES
BALMO SWAP FUTURE
Description A balance of the month cash settled swap future based on the daily
Argus daily assessment price for Euro-bob Oxy FOB Rotterdam
Barges.
Contract Symbol AYA-AYZ; AZA-AZEAEP
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
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 Price 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 mean
of the high and low quotations appearing in the “Argus European
Products Report” under the heading “Northwest Europe light
products” subheading “barge” for “Euro-Bbob Ooxy” for each
business day (as specified below) in the determination period.
Contract Series Up to 2 consecutive months
Final Payment Dates Two Clearing House Business Days following the Last Trading Day
business days Publication days for Argus European Products
SECTION TTT PART II A: OUTRIGHTS – CRUDE OIL AND REFINED PRODUCTS
© ICE Futures Europe 2019 23
TTT 140. GASOLINE OUTRIGHT – ARGUS EUROBOB OXY FOB ROTTERDAM BARGES BALMO
MINI FUTURE7
Description A balance of the month cash settled mini future based on the daily
Argus daily assessment price for Eurobob Oxy FOB Rotterdam
Barges.
Contract Symbol A90-A9UAEN
Contract Size 100 metric tonnes
Unit of Trading Any multiple of 100 metric tonnes
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 Price 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 mean
of the high and low quotations appearing in the “Argus European
Products Report” under the heading “Northwest Europe light
products” subheading “barge” for “Eurobob oxy” for each business
day (as specified below) in the determination period.
Contract Series Up to 2 consecutive months
Final Payment Dates Two Clearing House Business Days following the Last Trading Day
business days Publication days for Argus European Products
7 Inserted 12 May 2014
SECTION TTT PART II A: OUTRIGHTS – CRUDE OIL AND REFINED PRODUCTS
24 © ICE Futures Europe 2019
TTT 159. NAPHTHA OUTRIGHT – NAPHTHA C+F JAPAN (PLATTS) BALMO SWAP FUTURE
Description A balance of the month cash settled swap future based on the Platts
daily assessment price for Naphtha C+F Japan Cargoes.
Contract Symbol FEA-FEZ; FFA-FFENJD
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
Settlement Price Quotation One tenth of one cent ($0.001) per metric tonne
Minimum Price Fluctuation One tenth of one cent ($0.001) per metric tonne
Last Trading Day Last Trading Day of the contract month
Floating Price In respect of daily settlement, the Floating Price will be determined by
ICE using price data from a number of sources including spot, forward
and derivative markets for both physical and financial products.
Final Settlement Price In respect of final settlement, the Floating Price will be a price in USD
and cents per metric tonne based on the average of the “Mid”mean of
the high and low quotations appearing in the “Asia-Pacific/Arab Gulf
Marketscan” under the heading “Japan physical oil assessments”
subheading “C+F Japan ($/mt)” for “Naphtha ($/mt)” for each
business day (as specified below) in the determination period.
Contract Series Up to 2 consecutive months
Final Payment Dates Two Clearing House Business Days following the Last Trading Day
business days Publication days for Platts Asia-Pacific/Arab Gulf Marketscan