Test 7
Test 7 snippet
Sing 380 Crk Roll
The price difference between Singapore 180 Fuel Oil and Brent crude oil across two different delivery months. It provides refiners with a tool to manage the refining margin for high sulphur fuel oil production over time in the Asian market.
Contract Details
A CFD is a financial derivative that allows traders to speculate on the price movement of an asset without owning it. The trader enters into a contract with a broker, agreeing to exchange the difference in the asset's price from the time the contract is opened to when it is closed.
Name & Trade Code
| Contract Name | Sing 380 Crk Roll(635bbl-$/bbl) |
| MT5 Trader Code | Sg380_Crk_Rl |
| Contract Classification | Commodity Differential Time-Spread CFD |
| Geographical Region | Asia/Europe |
Contract Specification
| Sector | Energy |
| Tenor Period | Consecutive individual whole calendar months, e.g. April 26 (Apr 26) |
| Maximum Forward Tenor | Up to 18 consecutive forward Tenor Periods available |
| Contract Size | 635 |
| Contract Unit | bbl |
| Price Digits | 2 |
| Currency | |
| Value of Tick | 6.35 per 0.01 |
| Margins | Download a summary or detailed document with tiers. |
Expiry Trading Overview
| Contract Expiry Date | The last trading day of the expiring Tenor Period (i.e. 29 May 2026 for May 26 Tenor Period) |
| Last Trading Day (for new open positions) | Five working days prior to the Contract Expiry Date for the Tenor Period (i.e. 22 May 2026 for May 26 Tenor Period) |
| Last Trading Day (for closing position in that Tenor Period) | The Contract Expiry Date of the relevant Tenor Period |
| Trading Hours | 8:00am - 5:30pm (UK Time) |
| Quoting Hours | 8:00am - 6:00pm (UK Time) |
Tenor Period Settlement Valuation Process
| Settlement | Positions held into pricing month will be split into the constituent legs and then follow the settlement methodology for Outrights. i.e. Arithmetic mean of Settlement Prices throughout expiry month. |