- Trading Screen Product Name
- Crude Diff Futures
- Trading Screen Hub Name
- Pacific Dilbit (Platts)/ICE Brent
- Contract Symbol
PDL
- 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 ($0.001) per barrel
- Last Trading Day
Last Trading Day of the contract month
- Floating Price
In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.
- Final Settlement
In respect of final settlement, the Floating Price will be a price
in USD and cents per barrel based on the average of the quotations
appearing in the “Platts Crude Oil Marketwire” under
the heading “Canadian FOB Westridge assessments",
($/barrel)” subheading “Diff to Futures ICE Brent" for
“Pacific Dilbit” for each business day (as specified
below) in the contract month.
- 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
- Business Days
Publication days for Platts Crude Oil Marketwire
- MIC Code
- IFED
- Clearing Venues
- ICEU