- Trading Screen Product Name
- Crude Diff Futures
- Trading Screen Hub Name
- Urals MED/Dated Brent CFD
- Contract Symbol
UCF
- 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
- Settlement Price Quotation
One tenth of one cent ($0.001) per barrel
- Minimum Price Fluctuation
One tenth of one cent ($0.001) per barrel
- Last Trading Day
Last Trading Day of the contract month
- Floating Price
In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.
- Final Settlement
In respect of final settlement, the Floating Price will be a price
in USD and cents per barrel based on the difference between the
average of the mean of the high and low quotations appearing in
"Platts Crude Oil Marketwire" under the heading "Russian Urals/ESPO
spot assessments" subheading "$/bbl" for "Urals RCMB (Recombined)"
and the average of the mean of the high and low quotations
appearing in "Platts Crude Oil Marketwire" under the heading "Key
benchmarks ($/bbl)" for "Brent (Dated)" for each Business Day in
the determination period.
- Contract Series
Up to 36 consecutive months
- Final Payment Date
One Business Day following the Last Trading Day
- Business Days
UK Business Days
- MIC Code
- IFEU
- Clearing Venues
- ICEU