ICE Futures U.S.

Crude Diff – Permian WTI 1st Line vs WTI 1st Line Future

Crude Diff – Permian WTI 1st Line vs WTI 1st Line Future72265852

Description

A monthly cash settled future based on the ICE settlement price for Permian WTI 1st Line Future and the ICE settlement price for WTI 1st Line Future.

Market Specifications

Trading Screen Product Name
Crude Diff Futures
Trading Screen Hub Name
Permian WTI 1st Line/WTI 1st Line
Commodity Code
HOW
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 settlement prices as made public by ICE for the front month Permian WTI Future contract and the average of the settlement prices as made public by ICE for the front month ICE WTI Future contract for each business day (as specified below) in the determination period.
Contract Series
Up to 96 consecutive months
Final Payment Date
Two Clearing House Business Days following the Last Trading Day
Business Days
ICE 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
Singapore7:50 AM - 6:00 AM
07:50 - 06:00
7:40 AM
07:40

Sunday Pre-Open 5:40 PM ET; Closed on Saturday

Codes

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