CME Group Singapore Gasoil (Platts) vs. Singapore Marine Fuel 0.5% (Platts) Spread/BALMO

Singapore Gasoil (Platts) vs. Singapore Marine Fuel 0.5% (Platts) Spread Futures	Singapore Gasoil (Platts) vs. Singapore Marine Fuel 0.5% (Platts) Spread Futures 	Singapore Gasoil (Platts) vs. Singapore Marine Fuel 0.5% (Platts) Spread Futures 	
Contract Unit 	1,000 metric tons 	1,000 metric tons 	
Price Quotation 	U.S. dollars and cents per metric ton 	U.S. dollars and cents per metric ton 	
Trading Hours 	Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT) 	Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT) 	
Minimum Price Fluctuation 	0.001 per metric ton = $1.00 	0.001 per metric ton = $1.00 	
Product Code 	CME Globex: GMS
CME ClearPort: GMS
Clearing: GMS 	CME Globex: GMS
CME ClearPort: GMS
Clearing: GMS 	
Listed Contracts 	Monthly contracts listed for the current year and the next 3 calendar years. List monthly contracts for new calendar year following the termination of trading in the December contract of the current year. 	Monthly contracts listed for the current year and the next 3 calendar years. List monthly contracts for new calendar year following the termination of trading in the December contract of the current year. 	
Settlement Method 	Financially Settled 	Financially Settled 	
Floating Price 	The Floating Price for each contract month is equal to the arithmetic average of the mid-point of the high and low quotations from Platts Gasoil FOB Singapore for each business day that it is determined during the contract month minus the arithmetic average of the mid-point of the high and low quotations from Platts Marine Fuel 0.5 FOB Singapore for each business day that it is determined during the contract month. For purposes of determining the Floating Price, the Platts Gasoil FOB Singapore price will be converted each day to U.S. dollars and cents per metric ton. The conversion factor will be 7.45 barrels per metric ton.	The Floating Price for each contract month is equal to the arithmetic average of the mid-point of the high and low quotations from Platts Gasoil FOB Singapore for each business day that it is determined during the contract month minus the arithmetic average of the mid-point of the high and low quotations from Platts Marine Fuel 0.5 FOB Singapore for each business day that it is determined during the contract month. For purposes of determining the Floating Price, the Platts Gasoil FOB Singapore price will be converted each day to U.S. dollars and cents per metric ton. The conversion factor will be 7.45 barrels per metric ton.	The Floating Price for each contract month is equal to the arithmetic average of the mid-point of the high and low quotations from Platts Gasoil FOB Singapore for each business day that it is determined during the contract month minus the arithmetic average of the mid-point of the high and low quotations from Platts Marine Fuel 0.5 FOB Singapore for each business day that it is determined during the contract month. For purposes of determining the Floating Price, the Platts Gasoil FOB Singapore price will be converted each day to U.S. dollars and cents per metric ton. The conversion factor will be 7.45 barrels per metric ton.
Termination of Trading 	Trading terminates on the last Singapore business day of the contract month. 	Trading terminates on the last Singapore business day of the contract month. 	
Position Limits 	NYMEX Position Limits 	NYMEX Position Limits 	
Exchange Rulebook 	NYMEX 1153 	NYMEX 1153 	
Block Minimum 	Block Minimum Thresholds 	Block Minimum Thresholds 	
Vendor Codes 	Quote Vendor Symbols Listing 	Quote Vendor Symbols Listing 	
Singapore Gasoil (Platts) vs. Singapore Marine Fuel 0.5% (Platts) Spread BALMO Futures	Singapore Gasoil (Platts) vs. Singapore Marine Fuel 0.5% (Platts) Spread BALMO Futures 	Singapore Gasoil (Platts) vs. Singapore Marine Fuel 0.5% (Platts) Spread BALMO Futures 	
Contract Unit 	1,000 metric tons 	1,000 metric tons 	
Price Quotation 	U.S. dollars and cents per metric ton 	U.S. dollars and cents per metric ton 	
Trading Hours 	Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT) 	Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT) 	
Minimum Price Fluctuation 	0.001 per metric ton = $1.00 	0.001 per metric ton = $1.00 	
Product Code 	CME Globex: GMB
CME ClearPort: GMB
Clearing: GMB 	CME Globex: GMB
CME ClearPort: GMB
Clearing: GMB 	
Listed Contracts 	Monthly BALMO contracts listed for 3 consecutive months. 	Monthly BALMO contracts listed for 3 consecutive months. 	
Settlement Method 	Financially Settled 	Financially Settled 	
Floating Price 	The Floating Price for each contract month is equal to the balance-of-month arithmetic average of the high and low quotations from Platts Gasoil FOB Singapore for each business day that it is determined starting from the selected start date through the end of the contract month, minus the balance-of-month arithmetic average of the mid-point of the high and low quotations from Platts Marine Fuel 0.5 FOB Singapore for each business day that it is determined starting from the selected start date through the end of the contract month.For purposes of determining the Floating Price, the Platts Gasoil FOB Singapore price will be convertedeach day to U.S. dollars and cents per metric ton. The conversion factor will be 7.45 barrels per metric ton.	The Floating Price for each contract month is equal to the balance-of-month arithmetic average of the high and low quotations from Platts Gasoil FOB Singapore for each business day that it is determined starting from the selected start date through the end of the contract month, minus the balance-of-month arithmetic average of the mid-point of the high and low quotations from Platts Marine Fuel 0.5 FOB Singapore for each business day that it is determined starting from the selected start date through the end of the contract month.For purposes of determining the Floating Price, the Platts Gasoil FOB Singapore price will be convertedeach day to U.S. dollars and cents per metric ton. The conversion factor will be 7.45 barrels per metric ton.	The Floating Price for each contract month is equal to the balance-of-month arithmetic average of the high and low quotations from Platts Gasoil FOB Singapore for each business day that it is determined starting from the selected start date through the end of the contract month, minus the balance-of-month arithmetic average of the mid-point of the high and low quotations from Platts Marine Fuel 0.5 FOB Singapore for each business day that it is determined starting from the selected start date through the end of the contract month.For purposes of determining the Floating Price, the Platts Gasoil FOB Singapore price will be convertedeach day to U.S. dollars and cents per metric ton. The conversion factor will be 7.45 barrels per metric ton.
Termination of Trading 	Trading terminates on the last Singapore business day of the contract month. 	Trading terminates on the last Singapore business day of the contract month. 	
Position Limits 	NYMEX Position Limits 	NYMEX Position Limits 	
Exchange Rulebook 	NYMEX 1154 	NYMEX 1154 	
Block Minimum 	Block Minimum Thresholds 	Block Minimum Thresholds 	
Vendor Codes 	Quote Vendor Symbols Listing 	Quote Vendor Symbols Listing 	
== Notes ==
== References ==
== Resources ==
*CME Group Singapore Gasoil (Platts) vs. Singapore Marine Fuel 0.5% (Platts) Spread Contract Specifications
CME Group Singapore Gasoil (Platts) vs. Singapore Marine Fuel 0.5% (Platts) Spread BALMO Contract Specifications
== Notes ==
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