Crude Diff - Argus East Siberian Pacific Ocean (ESPO) Diff Future6753336

Description

A monthly cash settled differential future based on the Argus daily assessment price for East Siberian Pacific Ocean (ESPO) Blend Diff.

Market Specifications

Trading Screen Product Name
Crude Diff Futures
Trading Screen Hub Name
Argus East Siberian Pacific Ocean Diff
Commodity Code
ARF
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
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 mean of the high and low quotations appearing in the "Argus Crude" report under the heading "Asia-Pacific" subheading "Russia" for "ESPO Blend Diff" for each Business Day in the determination period.
Contract Series
Up to 60 consecutive months
Final Payment Date
One Business Day following the Last Trading Day
Business Days
Singapore Business Days
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
Singapore7:50 AM - 6:00 AM
07:50 - 06:00
7:40 AM
07:40
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Sunday Pre-Open 5:40 PM ET; Closed on Saturday

Codes

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