- Trading Screen Product Name
- Crude Diff Futures
- Trading Screen Hub Name
- Daily CPC Blend CIF (Platts)/Dated Brent (Platts)
- Contract Symbol
DCW
- Contract Size
1,000 barrels
- Unit of Trading
Any multiple of 1,000 barrels
- Currency
US Dollars and cents
- Trading Price Quotation
One tenth of one cent ($0.001) per barrel
- Settlement Price Quotation
One tenth of one cent ($0.001) per barrel
- Minimum Price Fluctuation
One tenth of one cent ($0.001) per barrel
- Last Trading Day
Last Trading Day of the contract month
- Floating Price
In respect of daily settlement, the Floating Price will be
determined by ICE using price data from a number of sources
including spot, forward and derivative markets for both physical
and financial products.
- Final Settlement
In respect of final settlement, the Floating Price will be a price
in USD and cents per barrel based on the “Mid”
quotations appearing in the “Platts Crude Oil
Marketwire” under the heading “Mediterranean spot crude
assessments ($/barrel)” subheading “Black Sea”
and “Spread vs fwd Dated Brent” for “CPC Blend
CIF” for each business day that both are determined during
the contract period.
- Contract Series
Up to 130 consecutive days
- Final Payment Date
Two Clearing House Business Days following the Last Trading Day
- Business Days
Publication days for Platts Crude Oil Marketwire
- MIC Code
- IFEU
- Clearing Venues
- ICEU