55 East 52nd Street 

39th Floor 

New York, New York 10055 

BY ELECTRONIC TRANSMISSION

Submission No. 20-03 

July 13, 2020 

Secretary of the Commission 

Office of the Secretariat 

Commodity Futures Trading Commission 

Three Lafayette Centre

1155 21st Street, NW 

Washington, DC 20581 

Re: Delisting of Commodity Swaps and Related Rule Amendments - Submission Pursuant to Section 

5c(c)(1) of the Act and Regulations and 40.6(a)

Dear Ms. Jurgens: 

Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, as amended (the “CEA”) and the 

Commodity Futures Trading Commission (the “Commission”) Regulation 40.6(a), ICE Swap Trade, LLC (“IST” or 

“SEF”) hereby notifies the Commission that it has amended its Rulebook. The Rulebook has been amended to 

delist two (2) energy contracts from trading on July 15, 2020 (based on an acknowledged filing date of July 14, 

2020). 

The delisted contracts terms and conditions are set forth in Chapter 13 of the ICE Swap Trade 

Rulebook (“Rules”) and in related amendments to existing Rules, as specified in Exhibit A. A copy of the 

revised Rulebook marked to show changes against the Rulebook submitted to the Commission with an effective 

date of July 15, 2020, is attached as Exhibit B, and a clean copy of the revised Rulebook is attached as Exhibit 

C. The SEF is delisting the Energy Contracts as noted in the table below: 

Rule Code Contract Name 

1392 BAQ Singapore Jet Kero vs Singapore Gasoil Swap 

1393 BAT Singapore Jet Kero vs Singapore Gasoil Balmo Swap 

IST not aware of any substantive opposing views expressed with respect to the rules and the 

amendments. IST further certifies that concurrent with this filing, a copy of this submission was posted on its 

website, which may be accessed at: (https://www.theice.com/swap-trade/regulation). 

If you have any questions or need further information, please contact the undersigned at (312) 836-

6725 or Kurt.Windeler@theice.com. 

Sincerely,

Kurt Windeler 

Chief Compliance Officer 

cc: Division of Market Oversight 
EXHIBIT A 

Rule 1392. Singapore Jet Kero vs Singapore Gasoil Swap Reserved 

Contract Description: A monthly cash settled swap based on the difference between the Platts daily 

assessment price for Singapore Jet Kerosene and Platts daily assessment price for Singapore Gasoil. 

 

Contract Symbol: BAQ 

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 

Last Trading Day: Last Trading Day of the contract month 

Final Settlement Price: In respect of final settlement, the Floating Price will be a price in USD and 

cents per barrel based on difference between the average of the “Mid” quotations appearing in “Platts 

Asia-Pacific/Arab Gulf Marketscan” under the heading “Asia Products” subheading “Singapore” and 

“FOB Singapore ($/barrel)” for “Kerosene” and the average of the “Mid” quotations appearing in the 

“Platts Asia-Pacific/Arab Gulf Marketscan” under the heading “Asia Products” subheading “Singapore” 

and “FOB Singapore ($/barrel)” for “Gasoil” for each business day (as specified below) in the 

determination period. 

Roll Adjust Provision: N/A 

Contract Series: Up to 60 consecutive months, or as otherwise determined by the SEF 

Final Payment Dates: Fourteen (14) Calendar Days after each settlement date via wire transfer or 

Federal funds 

Business Days: Publication days for Platts Asia-Pacific/Arab Gulf Marketscan 

Other Terms: To be confirmed directly between the parties in their full form of contract. The terms 

reflected in such contracts shall be controlling. 
Rule 1393. Singapore Jet Kero vs Singapore Gasoil Balmo Swap Reserved

Contract Description: A balance of the month cash settled swap based on the difference between the 

Platts daily assessment price for Singapore Jet Kerosene and Platts daily assessment price for 

Singapore Gasoil. 

 

Contract Symbol: BAT 

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 

Last Trading Day: Last Trading Day of the contract month 

Final Settlement Price: In respect of final settlement, the Floating Price will be a price in USD and 

cents per barrel based on difference between the average of the “Mid” quotations appearing in the 

“Platts Asia-Pacific/Arab Gulf Marketscan” under the heading “Singapore” subheading “FOB Singapore 

($/barrel)” for “Kerosene” and the average of the “Mid” quotations appearing in the “Platts 

AsiaPacific/Arab Gulf Marketscan” under the heading “Singapore” subheading “FOB Singapore 

($/barrel)” for “Gasoil” for each business day (as specified below) in the determination period. 

Roll Adjust Provision: N/A 

Contract Series: Up to 2 consecutive months, or as otherwise determined by the SEF 

Final Payment Dates: Fourteen (14) Calendar Days after each settlement date via wire transfer or 

Federal funds 

Business Days: Publication days for Platts Asia-Pacific/Arab Gulf Marketscan 

Other Terms: To be confirmed directly between the parties in their full form of contract. The terms 

reflected in such contracts shall be controlling.