- Trading Screen Product Name
- Crude Diff Futures
- Trading Screen Hub Name
- Daily Urals North (Platts)/Med Dated Strip (Platts)
- Contract Symbol
DUM
- 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 ($0.001) per barrel
- Last Trading Day
Second Business Day after the nominal contract date
- Floating Price
In respect of daily settlement, the Floating Price will be
determined by ICE using price data from a number of sources
including spot, forward and derivative markets for both physical
and financial products.
- Final Settlement
In respect of final settlement, the Floating Price will be a price
in USD and cents per barrel based on the difference between the
“Mid” quotations appearing in “Platts Crude Oil
Marketwire” under the heading “Russian Urals/ESPO spot
assessments ($/barrel)” for “Urals (Rotterdam) and the
“Mid” quotations appearing in “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