- Trading Screen Product Name
- Crude Diff Futures
- Trading Screen Hub Name
- Argus Sour Crude Index Diff
- Contract Symbol
TAB
- 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 daily price quotations appearing in the "Argus Crude" report under the heading "Argus Sour Crude Index" for "ASCI-Weighted Diff" for each Business Day in the determination period.
- Contract Series
Up to 60 consecutive months
- Final Payment Date
One Business Day following the Last Trading Day
- Business Days
US Business Days
- MIC Code
- IFED
- Clearing Venues
- ICEU