- Trading Screen Product Name
- Crude Futures
- Trading Screen Hub Name
- CPC Blend CIF
- Contract Symbol
JFI
- Contract Size
1,000 barrels
- Unit of Trading
Any multiple of 1,000 barrels
- Currency
US Dollars and cents
- Trading Price Quotation
One tenth of one cent ($0.001) per barrel
- Settlement Price Quotation
One tenth of one cent ($0.001) per barrel
- Minimum Price Fluctuation
One tenth of one cent ($0.001) per barrel
- Last Trading Day
Last Trading Day of the contract month
- Floating Price
In respect of daily settlement, the Floating Price will be
determined by ICE using price data from a number of sources
including spot, forward and derivative markets for both physical
and financial products.
- Final Settlement
In respect of final settlement, the Floating Price will be a price
in USD and cents per barrel based on the average of the
“Mid” quotations appearing in the “Platts Crude
Oil Marketwire” under the heading “Mediterranean spot
crude assessments ($/barrel)” subheading “Black
Sea” for “CPC Blend CIF” for each business day
(as specified below) in the determination period.
- Contract Series
Up to 48 consecutive months
- Final Payment Date
Two Clearing House Business Days following the Last Trading Day.
- Business Days
Publication days for Platts Crude Oil Marketwire
- MIC Code
- IFEU
- Clearing Venues
- ICEU