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Crude Outright - ICE WTI Crude Oil Last Day Future82067434

ICE Futures Europe

Crude Outright - ICE WTI Crude Oil Last Day Future

Description

The ICE West Texas Intermediate (WTI) Light Sweet Crude Oil Last Day Futures is used for the purposes of settling the WTI Last Day TAS Future

Market Specifications

Trading Screen Product Name
WTI Crude Futures
Trading Screen Hub Name
WTI LD
Contract Symbol
WLD
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 cent ($0.01) per barrel
Minimum Price Fluctuation
One cent ($0.01) per barrel
Last Trading Day
Trading shall cease at the end of the designated settlement period on the 3rd US business day prior to the 25th calendar day of the month preceding the contract month. If the 25th calendar day of the month is not a US business day the Final Trade Day shall be the Trading Day which is the fourth US business day prior to the last US business day preceding the 25th calendar day of the month preceding 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
The West Texas Intermediate Light Sweet Crude Oil Last Day futures contract is cash settled against the prevailing market price for US light sweet crude. It is a price in USD per barrel equal to the settlement price for WTI crude futures as made public by NYMEX for the month of production per 2005 ISDA Commodity Definitions.
Contract Series
Up to 108 consecutive months
Final Payment Date
Two Clearing House Business Days following the Last Day in the determination period.
Business Days
ICE Business Days
Markers
TAS (Trade at Settlement)
MIC Code
IFEU
Clearing Venues
ICEU

Trading Hours

CityTradingPre-Open
New York8:00 PM - 6:00 PM*
20:00 - 18:00
7:45 PM
19:45
London1:00 AM - 11:00 PM*
01:00 - 23:00
12:45 AM
00:45
Singapore8:00 AM - 6:00 AM*
08:00 - 06:00
7:45 AM
07:45

*Next Day

Codes

Clearing Admin Name
ICE WTI
Physical
WLD
Logical
WLD
Symbol Code
WLD