Crude Diff - Midland WTI 1-Month Calendar Spread Future

ICE Futures U.S.

A Midland WTI 1-Month Calendar Spread Future.

Trading Screen Product Name: Crude Diff Futures
Trading Screen Hub Name: Midland WTI CSO 1 Month
Contract Symbol: HIA
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: Close of business on the Last Trading Day of the underlying ICE Futures Europe Midland WTI Futures contract. In this case the close of business refers to the settlement time of the ICE Futures Europe Midland WTI Future at 19:30 London time.
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: The reference price will be a price in USD and cents per barrel equal to the difference of the nearby Midland WTI Futures contract and the next consecutive contract month of the Midland WTI Futures contract series.
Contract Series: Up to 48 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 ICE
MIC Code: IFED
Clearing Venues: ICEU

*Next Day

Sunday Pre-Open 5:10 PM ET; Closed on Saturday

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