Crude Outright - Murban 1st Line Future75452777
ICE Futures Abu Dhabi
Crude Outright - Murban 1st Line Future
Description
A monthly cash settled future based on the ICE daily settlement price (at 19:30 London Prevailing Time) for the Murban Crude Oil Future.
Market Specifications
- Trading Screen Product Name
- Crude Futures
- Trading Screen Hub Name
- Murban 1st Line
- Contract Symbol
- ADF
- 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 settlement prices (at 19:30 London Prevailing Time) as made public by ICE for the front month Murban Crude Oil 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, 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 48 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
Related Products
Trading Hours
| City | Trading | Pre-Open |
|---|---|---|
| NEW YORK | 7:50 PM - 6:00 PM* 19:50 - 18:00 | 7:40 PM 19:40 |
| LONDON | 12:50 AM - 11:00 PM 00:50 - 23:00 | 12:40 AM 00:40 |
| SINGAPORE | 8:50 AM - 7:00 AM* 08:50 - 07:00 | 8:40 AM 08:40 |
| ABU DHABI | 4:50 AM - 3:00 AM* 04:50 - 03:00 | 4:40 AM 04:40 |
*Next Day
Monday Trading Day: the market will open two hours prior to the times stated in the table
Codes
- Clearing Admin Name
- CrudeOutrightAD
- Physical
- ADF
- Logical
- ADM
- GMI (FC)
- AC
- ION A.C.N.
- Symbol Code
- ADF