- Trading Screen Product Name
- Crude Diff Futures
- Trading Screen Hub Name
- Argus WTI Houston/Dated Brent (Platts)
- Contract Symbol
ACB
- 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 ($0.001) per barrel
- Last Trading Day
Last Trading Day of the contract month
- Floating Price
In respect of daily settlement, the Floating Price will be
determined by ICE using price data from a number of sources
including spot, forward and derivative markets for both physical
and financial products.
- Final Settlement
In respect of final settlement, the Floating Price will be a price
in USD and cents per barrel based on the difference between the
average of the quotations appearing in the "Argus Crude" report
under the heading "US Gulf Coast and Midcontinent", subheading
“Weighted average” for "WTI Houston" and the average of
the “Mid” quotations appearing in the “Platts
Crude Oil Marketwire” under the heading “Key benchmarks
($/barrel)” for “Brent (Dated)” for each business
day (as specified below) in the determination period.
Non-Common Pricing Applies.
- Contract Series
Up to 60 consecutive months
- Final Payment Date
Two Clearing House Business Days following the Last Day in the
determination period.
- Business Days
Publication days for Argus Crude and Platts Crude Oil Marketwire
- MIC Code
- IFED
- Clearing Venues
- ICEU