- Trading Screen Product Name
- Crude Diff Futures
- Trading Screen Hub Name
- Monthly Brent CFD/1st
- Contract Symbol
CFM
- 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 ($0.001) per barrel
- Last Trading Day
Last Trading Day of the contract month
- Floating Price
In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.
- Final Settlement
In respect of final settlement, the Floating Price will be a price
in USD and cents per barrel based on the difference between the
average of the "Mid" quotations appearing in “Platts Crude
Oil Marketwire” under the heading “Key benchmarks
($/barrel)” for “Brent (Dated)” and the average
of the "Mid" quotations appearing in “Platts Crude Oil
Marketwire” under the heading "Key benchmarks
($/barrel)” for "Brent" for the first quoted month for each
business day that both are determined during the contract period.
- Contract Series
Up to 6 consecutive months
- Final Payment Date
One Business Day following the Last Trading Day
- Business Days
UK Business Days
- MIC Code
- IFEU
- Clearing Venues
- ICEU