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  • Gasoil Outright - Middle East Gasoil FOB Arab Gulf (Platts) Future

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    This document provides contract specifications for the Gasoil Outright - Middle East Gasoil FOB Arab Gulf (Platts) Future contract traded on ICE Futures Europe. The contract is for 1,000 barrels of gasoil based on the daily Platts price assessment for gasoil delivered from the Arab Gulf. The price used for final settlement is the average of the mid-price quotations for gasoil published in Platts over the determination period following the last trading day. The contract trades in US dollars up to 60 months in the future and cash settles two days after the last trading day.

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    بيبي

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    ProductSpec_59293831

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    This document provides contract specifications for the Gasoil Outright - Middle East Gasoil FOB Arab Gulf (Platts) Future contract traded on ICE Futures Europe. The contract is for 1,000 barrels of gasoil based on the daily Platts price assessment for gasoil delivered from the Arab Gulf. The price used for final settlement is the average of the mid-price quotations for gasoil published in Platts over the determination period following the last trading day. The contract trades in US dollars up to 60 months in the future and cash settles two days after the last trading day.

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    © All Rights Reserved
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    66 views2 pages

    Gasoil Outright - Middle East Gasoil FOB Arab Gulf (Platts) Future

    Uploaded by

    ali alakaldi
    This document provides contract specifications for the Gasoil Outright - Middle East Gasoil FOB Arab Gulf (Platts) Future contract traded on ICE Futures Europe. The contract is for 1,000 barrels of gasoil based on the daily Platts price assessment for gasoil delivered from the Arab Gulf. The price used for final settlement is the average of the mid-price quotations for gasoil published in Platts over the determination period following the last trading day. The contract trades in US dollars up to 60 months in the future and cash settles two days after the last trading day.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    ICE Futures Europe

    Mar 17, 2021

    Gasoil Outright - Middle East Gasoil FOB Arab Gulf


    (Platts) Future

    Contract Specifications

    A monthly cash settled future based on the Platts daily assessment price for
    Description
    Gasoil FOB Arab Gulf.

    Contract Symbol GCQ

    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

    In respect of daily settlement, the Floating Price will be determined by ICE


    Floating Price using price data from a number of sources including spot, forward and
    derivative markets for both physical and financial products.

    ICE Help Desk: Atlanta + 1 770 738 2101, London + 44 (0)20 7488 5100 or ICEHelpdesk@theice.com
    1
    Contract Specifications

    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 "Asia
    Final Settlement
    Products" subheading "Middle East physical oil assessments" and "FOB
    Arab Gulf ($/barrel)" for "Gasoil" for each business day (as specified below)
    in the determination period.

    Contract Series Up to 60 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

    ICE Help Desk: Atlanta + 1 770 738 2101, London + 44 (0)20 7488 5100 or ICEHelpdesk@theice.com
    2

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