TMX SW 1a Index Balmo Future61989080

Description

A balance of the month cash settled future based on the TMX WCS (Western Canadian Select) Monthly Volume Weighted Average Price Index (TMX WCS 1a). The TMX WCS 1a Index is expressed as a differential to the NYMEX WTI 1st Line Future (Calendar Month Average).

Market Specifications

Trading Screen Product Name
Crude Futures (balmo)
Trading Screen Hub Name
TMX SW 1a Index
Commodity Code
1TT-1UN
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 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 one Canadian business day prior to the 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 volume-weighted average of the TMX WCS 1a Index for each trading day during the same period, as published by NGX. 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
In respect of final settlement, the Floating Price will be a price in USD and cents per barrel based on the TMX WCS 1a Index, as published by NGX. The index pricing period 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
Front Month Only
Final Payment Date
Two Clearing House Business Days following the Last Trading Day
Business Days
Publication days for NGX Crude Oil Markets
Linked Future
Yes
MIC Code
IFEU
Clearing Venues
ICEU
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Trading Hours

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

*Next Day

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

Codes

Clearing Admin Name
Crude Diffs
Physical
1TT-1UN
Logical
TMZ
GMI(FC)
R&N A.C.N.