Crude Outright - Murban Singapore Marker 1st Line Balmo Future75452793
ICE Futures Abu Dhabi
Crude Outright - Murban Singapore Marker 1st Line Balmo Future
Description
A balance of the month cash settled future based on the ICE Singapore Marker price (at 16:30 Singapore Prevailing Time) for the Murban Crude Oil Future.
Market Specifications
- Trading Screen Product Name
- Crude Futures (balmo)
- Trading Screen Hub Name
- Murban Sing Marker 1st Line
- Contract Symbol
- ADK
- 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 for each business day (as specified below) in the determination period.
- 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
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
- ADK
- Logical
- ADK
- GMI (FC)
- AB
- ION A.C.N.
- Symbol Code
- ADK