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Singapore Mogas 92 Unleaded (Platts) Average Price Option Contract Specs

    Platts to amend Singapore 92 RON, 95 RON, 97 RON Gasoline specifications effective July 2019. Further information regarding this matter may be viewed here.

Options
Contract Unit A Singapore Mogas 92 (Platts) Average Price Call Option represnts the differential between the final settlement price of the underlying Singapore Mogas 92 (Platts) Swap Futures less the strike price, or zero whichever is greater, multiplied by 1,000 barrels. A Singapore Mogas 92 (Platts) Average Price Put Option represents the differential between the strike price and the final settlement price of the underlying Singapore Mogas 92 (Platts) Swap Futures, or zero, whichever is greater, multiplied by 1,000 barrels.

For contract months from July 2019 onwards, the quality referenced by Platts for FOB Singapore Gasoline 92 RON unleaded, 95 RON unleaded and 97 RON unleaded will reflect, as announced by Platts, maximum sulphur level of 50 ppm, RVP of 9 PSI, final boiling point of 215 degrees, as well as new maximum contents on aromatics at 40 % and olefins at 25%. Trading in all contract months up to but excluding July 2019, will continue to reference for current Platts gasoline quality.
Minimum Price Fluctuation $0.001 per barrel
Price Quotation U.S. dollars and cents per barrel
Trading Hours 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)
Product Code CME Globex: 1N5
CME ClearPort: 1N5
Clearing: 1N5
Listed Contracts Monthly contracts listed for 24 consecutive months
Termination Of Trading Trading terminates on the last business day of the underlying calendar month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1245
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures Strike Price Listing and Exercise Procedures Table
Exercise Style Average price - non-early exercisable option.
Settlement Method Financially Settled
Underlying Singapore Mogas 92 Unleaded (Platts) Futures