ICE NGX Crude, SW, ID, ICE1a, EDM-Enbridge Transfer

Description

ICE NGX Canadian physical crude products are offered as cleared only futures as well as bilateral forwards for trading through WebICE, ICE's electronic trading platform.

Market Specifications

Trading Screen Product Name

FUT SW ICE 1a

Trading Screen Hub Name

EDM ENB

Commodity Code

XD9

Contract Size

100 cubic meter

Unit of Trading

Any multiple of 100 cubic meter

Currency

US Dollars and cents

Trading Price

one cent per cubic meter

Minimum Price Fluctuation

one cent per cubic meter

Settlement Price

CAD dollars and cents per barrel

Conversion Factor

6.29287 Barrels per cubic meter

Clearing

The ICE NGX Clearing House guarantees financial performance of all ICE-NGX Futures contracts. All companies transacting have a clearing agreement with the Clearing House.

Contract Series

Up to 24 consecutive months

Last Trading Day

The Last Trading Day is the last Canadian Business Day of the contract month

Index Price

ICE WCS 1a

Final Settlement

The traded price is added to the final applicable index price, then added to the NYMEX WTI settlement, adjusted for any exchange rate or volume conversions

Business Days

Canadian Business Days

MIC Code

NGXC

Clearing Venues