Can SGX TSR20 Be Used Directly as the SVR CV60 Price?
Quick AnswerNo. SGX SICOM TSR20 is a standardized futures market reference; SVR CV60 spot prices also depend on the factory, month, quality, premium/discount, and delivery terms.
Formula Pricing
If both parties adopt TSR20 plus premium/discount, the data source, contract or average price window, unit conversion, premium/discount, price fixation, and exception-day handling should be specified in the contract. Values for different timings and delivery locations should not be mixed.
Market Data Access Boundary
AAFS real-time market data shall serve as an independent data source, displaying update time, currency, unit, delay attributes, and licensing scope. Knowledge base articles only explain methodologies and shall not embed real-time figures that would expire.