- Trading Screen Product Name
- Crude Diff Futures
- Trading Screen Hub Name
- Pacific Cold Lake (Platts)/ICE Brent
- Contract Symbol
PCL
- 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", subheading
“Diff to Futures ICE Brent" for “Pacific Cold
Lake” for each business day (as specified below) in the
determination period.
- 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