ICE Futures U.S.

Crude Diff – Permian WTI Trade Month vs WTI Trade Month Future

Crude Diff – Permian WTI Trade Month vs WTI Trade Month Future72265856

Description

A trade month cash settled future based on the ICE daily settlement price for Permian WTI Trade Month Future and the ICE daily settlement price for WTI Trade Month Future.

Market Specifications

Trading Screen Product Name
Crude Diff Futures (Trade Month)
Trading Screen Hub Name
Permian WTI/WTI Trade Month
Commodity Code
HOZ
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 difference between the average of the settlement prices as made public by ICE for the front month Permian WTI Trade Month Future contract and the average of the settlement prices as made public by ICE for the front month ICE WTI Trade Month 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
HOZ
Logical
HOZ
GMI(FC)
R&N A.C.N.