ICE Futures U.S.

Crude Diff - Argus Sour Crude Index (ASCI) Diff Trade-Month Future

Crude Diff - Argus Sour Crude Index (ASCI) Diff Trade-Month Future6753439

Description

A monthly cash settled differential future based on the Argus daily assessment price for Sour Crude Index (ASCI) Diff Trade-Month Future.

Market Specifications

Trading Screen Product Name
Crude Diff Futures (Trade Month)
Trading Screen Hub Name
Argus Sour Crude Index Diff Trade Month
Commodity Code
TOB
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
Trading shall cease at the close of trading on the last business day that falls on or before the 25th calendar day of the month prior to the contract month. If the 25th calendar day is a weekend or holiday, trading shall cease on the first business day prior to the 25th calendar day
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 daily price quotations appearing in the "Argus Crude" report under the heading "Argus Sour Crude Index" for "ASCI-Weighted Diff" for each day that it is determined during the Trade month. The Trade Month begins with the first business day after the 25th calendar day two months prior to the contract month through the last day that falls on or before the 25th calendar day of the month prior to the contract month. If the 25th calendar day is a weekend or a holiday, the Trade month period shall end on the first business day prior to the 25th calendar day.
Contract Series
Up to 60 consecutive months
Final Payment Date
One Business Day following the Last Trading Day
Business Days
US Business Days
MIC Code
IFED
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
Am Crude Diffs
Physical
TOB
Logical
TOB
GMI(FC)
T6
R&N A.C.N.
SQ82