ICE Futures Europe

Crude Diff - CPC Blend CIF Med Cargoes (Platts) vs Dated Brent (Platts) Balmo Future

Crude Diff - CPC Blend CIF Med Cargoes (Platts) vs Dated Brent (Platts) Balmo Future62666446

Description

A balance of the month cash settled future based on the difference between Platts daily assessment price for CPC Blend CIF Med Cargoes and the Platts daily assessment price for Dated Brent (Mediterranean Dated strip).

Market Specifications

Trading Screen Product Name
Crude Diff Futures (balmo)
Trading Screen Hub Name
CPC Blend CIF (Platts)/Dated Brent (Platts)
Commodity Code
DCT
Contract Size
1,000 barrels
Unit of Trading
Any multiple of 1,000 barrels
Currency
US Dollars and cents
Trading Price Quotation
One tenth of one cent ($0.001) per barrel
Settlement Price Quotation
One tenth of one cent ($0.001) per barrel
Minimum Price Fluctuation
One tenth of one cent ($0.001) per barrel
Last Trading Day
Last Trading Day of the contract month
Floating Price
In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.
Final Settlement
In respect of final settlement, the Floating Price will be a price in USD and cents per barrel based on the average of the “Mid” quotations appearing in the “Platts Crude Oil Marketwire” under the heading “Mediterranean spot crude assessments ($/barrel)” subheading “Black Sea” and “Spread vs fwd Dated Brent” for “CPC Blend CIF” for each business day that both are determined during the contract month.
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 Platts Crude Oil Marketwire
MIC Code
IFEU
Clearing Venues
ICEU

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

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

Codes

Clearing Admin Name
Crude Diffs
Physical
DCT
Logical
DCT
GMI(FC)
R&N A.C.N.