CME Group » Energy » Singapore Gasoil 0.05% Sulfur (Plat
Energy Products
View an Energy Product
Singapore Gasoil 0.05% Sulfur (Platts) BALMO Swap Futures
Settlements | Contract Specifications | Performance Bonds / Margins | Product Calendar | Learn More
 
 
Singapore Gasoil 0.05% Sulfur (Platts) BALMO Swap Futures
Code SZL
Venue CME ClearPort, Open Outcry (New York)
Hours
(All Times are New York Time/ET)		 CME ClearPort: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)
Open Outcry: Monday – Friday 9:00 AM to 2:30 PM (8:00 AM to 1:30 PM CT)
Contract Unit 1,000 U.S. barrels
Price Quotation Prices shall be quoted in U.S. dollars and cents per barrel
Minimum Fluctuation The minimum price fluctuation shall be $0.001 (0.1¢) per barrel. The minimum final settlement is $0.001 per barrel.
Floating Price The Floating Price for each contract month is equal to the balance-of-month arithmetic average of the mid-point of the high and low quotations from the Platts Asia-Pacific Marketscan for Singapore Physical Cargoes of Gasoil 0.05% Sulfur starting from the selected start date through the end of the contract month, inclusive.
Termination of Trading Trading shall cease on the last business day of the contract month.
Listed Contracts The last available listed month for these contracts will be the December 2012 contract month after which the contract will be subject to delisting.
Settlement Type Financial
Final Settlement Delivery under the contract shall be by cash settlement. Final settlement, following termination of trading for a contract month, will be based on the Floating Price. The final settlement price will be the Floating Price calculated for each contract month.
Position Limits NYMEX Position Limits
Rulebook Chapter 865
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.