- Trading Screen Product Name
- Crude Diff Futures
- Trading Screen Hub Name
- Argus Bakken Cushing/WTI 1st Line
- Contract Symbol
BAC
- 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
- Final Settlement
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 “Midcontinent”,
subheading “Weighted average” for “Bakken
Cushing” and the average of the settlement prices as made
public by ICE for the WTI 1st Line Future for each business day (as
specified below) in the determination period
Common Pricing applies.
- Contract Series
Up to 60 consecutive months, or as otherwise determined by the
Exchange
- Final Payment Date
Two Clearing House Business Days following the Last Trading Day
- Position Limit
Specified in Table 2 to Chapter 19—see IFUS website
- Business Days
Publication days for Argus Crude
- MIC Code
- IFED
- Clearing Venues
- ICEU