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Singapore Gasoil (Platts) vs. Singapore Gasoil 500 ppm (Platts) Futures Contract Specs

Contract Unit 1,000 U.S. barrels
Price Quotation Prices shall be quoted in U.S. dollars and cents per barrel
Trading Hours CME Globex: Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
CME ClearPort: Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Minimum Price Fluctuation The minimum price fluctuation shall be $0.001 (0.1¢) per barrel. The minimum final settlement is $0.001 per barrel.
Product Code CME Globex: STT
CME ClearPort: STZ
Clearing: STZ
Listed Contracts Monthly contracts listed for 36 consecutive months.
Settlement Method Financially Settled
Floating Price For contract month up to December 2017,the Floating Price for each contract month is equal to the arithmetic average of the mid-point of the high and low quotations from the Platts Asia-Pacific Marketscan for Singapore Physical Cargoes of Gasoil 10ppm Sulfur minus the arithmetic average of the mid-point of the high and low quotations from the Platts Asia-Pacific Marketscan for Singapore Physical Cargoes of Gasoil for each publication day during the contract month.

For contract month January 2018 and onward, The Floating Price for each contract month is equal to the arithmetic average of the mid-point of the high and low quotations from the Platts Asia-Pacific Marketscan for Singapore Physical Cargoes of Gasoil minus the arithmetic average of the mid-point of the high and low quotations from the Platts Asia-Pacific Marketscan for Singapore Physical Cargoes of Gasoil 500 ppm Sulfur for each publication day during the contract month (using common pricing).
Termination Of Trading Trading terminates on the last business day of the contract month.
Settlement Procedures 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
Exchange Rulebook NYMEX 862
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing