- Trading Screen Product Name
- Crude Diff Futures (balmo)
- Trading Screen Hub Name
- Urals North/Dated Brent CFD
- Contract Symbol
CFV
- 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 (Rotterdam)” and the
average of the mean of the high and low quotations appearing in
“Platts Crude Oil Marketwire” under the heading
“Forward Dated Brent” for “Mediterranean Dated
strip” for each business day (as specified below) in the
determination period.
- Contract Series
Up to 2 consecutive months
- Final Payment Date
Two Clearing House Business Days following the Last Trading Day
- Business Days
Publication days for Platts Crude Oil Marketwire
- MIC Code
- IFEU
- Clearing Venues
- ICEU