- Trading Screen Product Name
- Crude Futures
- Trading Screen Hub Name
- ICE WCS 1b Index
- Contract Symbol
TDX
- 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
Trading shall cease one Canadian business day prior to the Notice of Shipments (NOS) date on the Enbridge Pipeline. The NOS date occurs on or about the 20th calendar day of the month, subject to confirmation by Enbridge Pipeline. The official schedule for the NOS dates will be made publicly available by Enbridge Pipeline prior to the start of each year.
- Floating Price
In respect of daily settlement, the Floating Price will be the
simple average of the ICE WCS 1b Index for each trading day during
the same period, as published by ICE-NGX.
During the pricing period the last published ICE WCS 1b Index price
will be projected to the end of the pricing period.
For forward months, 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
A price in USD and cents per barrel based on the ICE WCS 1b Index,
as published by ICE-NGX. The index pricing period begins on the
first Canadian business day of the calendar month prior to the
contract month and ends on the Canadian business day prior to the
NOS date (as published by Enbridge) in the same calendar month
- Contract Series
Up to 60 consecutive months
- Final Payment Date
Two Clearing House Business Days following the Last Trading Day
- Business Days
Publication days for ICE-NGX Crude Oil Markets
- MIC Code
- IFED
- Clearing Venues
- ICEU