ICE Futures U.S.

Condensate Diff - ICE C5 1B Index Future

Condensate Diff - ICE C5 1B Index Future19118091


A monthly cash settled future based on the ICE C5 (Canadian Condensate) Daily Weighted Average Price Index (ICE C5 1b). The ICE C5 1b Index is expressed as a differential to the NYMEX WTI 1st Line Future (Calendar Month Average)

Market Specifications

Trading Screen Product Name
Crude Futures
Trading Screen Hub Name
ICE C5 1b Index
Commodity Code
Contract Size
1,000 barrels
Unit of Trading
Any multiple of 1,000 barrels
US Dollars and cents
Trading Price Quotation
One cent ($0.01) per barrel
Settlement Price Quotation
One hundredth of one cent ($0.0001) per barrel
Minimum Price Fluctuation
One hundredth of one cent ($0.0001) per barrel
Last Trading Day
Trading shall cease for each contract one Canadian business day prior to the applicable Notice of Shipments (NOS) date on the Enbridge Pipeline. The NOS date occurs on or about the 20th calendar day of the month, subject to confirmation by Enbridge Pipeline. The official schedule for the NOS dates will be made publicly available by Enbridge Pipeline prior to the start of each year.
Floating Price
In respect of daily settlement, the Floating Price will be the simple average of the ICE C5 1b Index for each trading day during the same period, as published by ICE-NGX.

During the pricing period the last published ICE C5 1b Index price will be projected to the end of the pricing period.

For forward months, 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
A price in USD and cents per barrel based on the ICE C5 1b Index, as published by ICE-NGX. The index pricing period for each contract month begins on the first Canadian business day of the calendar month prior to the contract month and ends on the Canadian business day prior to the NOS date (as published by Enbridge) in the same calendar month
Contract Series
Up to 60 consecutive months
Final Payment Date
Two Clearing House Business Days following the Last Trading Day
Business Days
Publication days for ICE-NGX Crude Oil Markets
MIC Code
Clearing Venues

Trading Hours

New York7:50 PM - 6:00 PM*
19:50 - 18:00
7:40 PM
London12:50 AM - 11:00 PM*
00:50 - 23:00
12:40 AM
Singapore8:50 AM - 7:00 AM*
08:50 - 07:00
8:40 AM

*Next Day

Sunday Pre-Open 5:40 PM ET; Closed on Saturday


Clearing Admin Name
Am Crude Diffs
R&N A.C.N.