- Trading Screen Product Name
- Crude Diff Futures (balmo)
- Trading Screen Hub Name
- Murban 1st Line/WTI 1st Line
- Contract Symbol
ADZ
- 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 as made public by
NYMEX for the front month WTI Crude Future contract for each
business day (as specified below) in the determination period.
Non-Common Pricing applies.
- Roll Adjust Provision
The Floating Price quotations, used for determining the Final
Settlement Price of the Murban 1st Line leg, 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 and NYMEX business days
- MIC Code
- IFAD
- Clearing Venues
- ICEU