Crude Diff - Murban Singapore Marker Penultimate Day 1st Line vs Brent Singapore Marker Penultimate Day 1st Line Balmo Future82908545
ICE Futures Abu Dhabi
Crude Diff - Murban Singapore Marker Penultimate Day 1st Line vs Brent Singapore Marker Penultimate Day 1st Line Balmo Future
Description
A monthly cash settled future based on the difference between the ICE settlement price for the Murban Singapore Marker Penultimate Day 1st Line Future and the ICE settlement pric
Market Specifications
- Trading Screen Product Name
- Crude Diff Futures (balmo)
- Trading Screen Hub Name
- Murban Sing Marker Pen 1st Line/Brent Pen 1st Line
- Contract Symbol
- MSH
- 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 and the average of the Singapore Marker prices (at 16:30 Singapore Prevailing Time) as made public by ICE for the front month ICE Brent Crude 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 and Brent Crude Future contract Singapore Marker prices, except on the expiration date of both of these contracts. On such date, the applicable Floating Price quotation will be the Singapore Marker price of the following month’s Murban Crude Oil Future contract and Brent Crude 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
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- Crude Diff - Murban Singapore Marker 1st Line vs Brent 1st Line Balmo Future
- Crude Outright - Murban Singapore Marker 1st Line Balmo Future
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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 | 7:50 AM - 6:00 AM* 07:50 - 06:00 | 7:40 AM 07:40 |
| ABU DHABI | 3:50 AM - 2:00 AM* 03:50 - 02:00 | 3:40 AM 03:40 |
*Next Day
Monday Trading Day: the market will open two hours prior to the times stated in the table
Codes
- Clearing Admin Name
- CrudeDiffbblAD
- Physical
- MSH
- Logical
- MSH
- GMI (FC)
- ION A.C.N.
- Symbol Code
- MSH