- Trading Screen Product Name
- Heating Oil Crack Futures (bbl)
- Trading Screen Hub Name
- HO 1st Line/WTI 1st Line
- Contract Symbol
HBW
- 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
Last Business Day of the contract period
- 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 settlement prices as made public by ICE for the front month Heating Oil 1st Line Swap Future and the average of the settlement prices as made public by ICE for the front month WTI 1st Line Swap Future for each Business Day in the determination period. Conversion factor: 1 barrel = 42 gallons
- Contract Series
Up to 60 consecutive months
- Final Payment Date
Two Clearing House Business Days following the Last Trading Day
- Business Days
ICE Business Days
- MIC Code
- IFED
- Clearing Venues
- ICEU