- Trading Screen Product Name
- Crude Futures (balmo)
- Trading Screen Hub Name
- Murban 1st Line
- Contract Symbol
ADJ
- 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 average of the settlement
prices (at 19:30 London Prevailing Time) as made public by ICE for
the front month Murban Crude Oil Future contract for each business
day (as specified below) in the determination period.
- Roll Adjust Provision
The Floating Price quotations, used for determining the Final
Settlement Price, will be the front month Murban Crude Oil Future
contract daily settlement prices, except on the expiration date of
the front month Murban Crude Oil Future contract. On such date, the
applicable Floating Price quotation will be the daily settlement
price of the following month’s Murban Crude Oil Future
contract.
- Contract Series
Up to 2 consecutive months
- Final Payment Date
Two Clearing House Business Days following the Last Trading Day.
- Business Days
ICE business days
- MIC Code
- IFAD
- Clearing Venues
- ICEU