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Product Specifications

Futures

Futures contracts are daily marked-to-market and cash settled contracts with no physical delivery. The settlement is against the average spot price in the delivery period.

Options

Option contracts offered on freight are Asian style average priced options with automatic exercise of all in-the-money options at the last day of the settlement period. The option premium is cash settled on the trading day.

For full product specification click here.  

 Oil products Underlying product  Futures Options
 Fuel Oil Rotterdam 3,5% FOB  X X
  North West Europe 1% FOB  X X
  Singapore 180 CST FOB  X X
  Singapore 380 CST FOB  X X
  MED 3.5% FOB  X X

 

Fuel Oil products


Underlying


Index
 

RDM35FOSS, Fuel Oil 3.5% FOB Barges Rotterdam
NWE10FOSS, Fuel Oil 1% FOB Cargoes NWE
SPO180FOSS, Fuel Oil 180 CST FOB Cargoes Singapore
SPO380FOSS, Fuel Oil 380 CST FOB Cargoes Singapore
MED35FOSS, Fuel Oil 3.5% FOB Cargoes Mediterranean 


Index Provider
 

Platts
Platts
Platts
Platts
Platts 

Closing Price Provider
 

Marex
Marex
Marex
Marex
Marex

Price quotation

USD/mt

Minimum price fluctuation

USD 0.001

Contract value

#Lots x Lot size x Price

Delivery Period

 Month: First Index Day of the month to last Index Day of the month.

Quarter: A Quarter Contract is split equally into 3 Month Contracts on the trading day and settled as Month Contracts.

Year: A Year Contract is split equally into 12 Month Contracts on the trading day and settled as Month Contracts.

Final Settlement Day

For RDM35FOSS, NWE10FOSS and MED30FOSS: First Settlement Day following the Delivery Period.
For SPO180FOSS and SPO380FOSS: Last Settlement Day in the Delivery Period.

Settlement Price

The arithmetic average of the Spot Prices for the relevant Underlying Product over the number of
Index Days in the Delivery Period.

*For product RDM35FOSS, MED35FOSS and NWE10FOSS the Spot Price is equal to the arithmetic average of the high and low quotations from Platts European Marketscan.

*For product SPO180FOSS and SPO380FOSS the Spot Price is equal to the arithmetic average of the mid-point of the high and low quotations from the Platts Asia-Pacific Marketscan.

Lot size

Month: 1 lot = 1 mt
Quarter: 1 lot = 3 mt
Year: 1 lot = 12 mt

Minimum lots per contract

1 Lot in all Products

 

© NOS Clearing ASA, Visiting address: Karenslyst Allé 53, 0279, Oslo, Norway P.O. Box 443, 0213, Oslo, Norway - Tel: (+47) 67 10 85 10- Fax (+47) 67 52 81 05  Terms of use

A Company in the Nasdaq OMX Group Inc.