- Trading Screen Product Name
- Crude Diff Futures
- Trading Screen Hub Name
- Daily Dated Brent (Platts)/Med Dated Strip (Platts)
- Contract Symbol
DDM
- 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 ($0.001) per barrel
- Last Trading Day
Last Trading Day of the contract month
- Floating Price
In respect of daily settlement, the Floating Price will be
determined by ICE using price data from a number of sources
including spot, forward and derivative markets for both physical
and financial products.
- Final Settlement
In respect of final settlement, the Floating Price will be a price
in USD and cents per barrel based on the difference between the
average of the “Mid” quotations appearing in the
“Platts Crude Oil Marketwire” under the heading
“Key benchmarks ($/barrel)” for “Brent
(Dated)” and the average of the “Mid” quotations
appearing in the “Platts Crude Oil Marketwire” under
the heading “Forward Dated Brent ($/barrel)” for
“Mediterranean Dated strip” for each business day (as
specified below) in the determination period.
- Contract Series
130 days
- 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