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Crude Diff - Murban 1st Line vs WTI 1st Line Balmo Future75452783

ICE Futures Abu Dhabi

Crude Diff - Murban 1st Line vs WTI 1st Line Balmo Future

Description

A balance of the month cash settled future based on the difference between the ICE settlement price for the Murban 1st Line Future and the ICE settlement price for the WTI 1st Line Future.

Market Specifications

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

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
Abu Dhabi3:50 AM - 2:00 AM*
03:50 - 02:00
3:40 AM
03:40

*Next Day

Monday Trading Day: the market will open two hours prior to the times stated in the table

Codes

Clearing Admin Name
CrudeDiffbblAD
Physical
ADZ
Logical
ADZ
GMI (FC)
AM
Symbol Code
ADZ