- Trading Screen Product Name
- Crude Futures
- Trading Screen Hub Name
- WTI 1st Line Mini
- Contract Symbol
RMM
- Contract Size
100 barrels
- Unit of Trading
Any multiple of 100 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 average of the settlement
prices as made public by NYMEX for the front month WTI Futures
contract for the month of production.
- Contract Series
Up to 84 consecutive months
- Final Payment Date
Two Clearing House Business Days following the Last Trading Day
- Business Days
Publication days for ICE
- MIC Code
- IFED
- Clearing Venues
- ICEU