- Trading Screen Product Name
- Crude Diff Futures
- Trading Screen Hub Name
- Murban 1st Line/Brent 1st Line
- Contract Symbol
ADI
- 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 (at 19:30 London Prevailing Time)
as made public by ICE for the front month Murban Crude Oil Future
contract and the average of the settlement prices (at 19:30 London
Prevailing Time) as made public by ICE for the front month Brent
Crude 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 and the front month Brent Crude Future contract daily
settlement prices, except on the expiration date of both of these
contracts. On such date, the applicable Floating Price quotation
will be the daily settlement prices of the following month’s
Murban Crude Oil Future contract and Brent Crude Future contract.
- Contract Series
Up to 48 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