Crude Diff - Argus LLS vs WTI 1st Line Balmo Future53168981

Description

A balance of the month cash settled future based on the difference between the Argus daily assessment price for Light Louisiana Sweet Crude Oil (1st Month) and the ICE daily settlement price for WTI 1st Line Future.

Market Specifications

Trading Screen Product Name
Crude Diff Futures (balmo)
Trading Screen Hub Name
Argus LLS/WTI 1st Line
Contract Symbol
180-18U
Contract Size
1,000 barrels
Units 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 Flux
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 Price
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 quotations appearing in the "Argus Crude" report under the heading "US pipeline", subheading “VWA” for "LLS" and the average of the settlement prices as made public by ICE for the ICE WTI 1st Line Future for each business day (as specified below) in the determination period.

Common Pricing applies.
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 Argus Crude
MIC Code
IFEU
Clearing Venues
ICEU