- Trading Screen Product Name
- Crude Diff Futures (balmo)
- Trading Screen Hub Name
- Murban Sing Marker 1st Line/Brent 1st Line
- Contract Symbol
AD5
- 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 Singapore
Marker prices (at 16:30 Singapore 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 of the Brent 1st Line leg, will be the front month
Brent Crude Future contract daily settlement prices, except on the
expiration date of the front month Brent Crude Future contract. On
such date, the applicable Floating Price quotation will be the
daily settlement price of the following month’s Brent Crude
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