- Trading Screen Product Name
- Crude Futures
- Trading Screen Hub Name
- ICE C5 PEA 1a Index
- Contract Symbol
CEG
- 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 hundredth of one cent ($0.0001) per barrel
- Minimum Price Fluctuation
One tenth of one cent ($0.001) per barrel
- Last Trading Day
Trading shall cease one Canadian business day prior to the Notice
of Shipments (NOS) date on the Enbridge Pipeline. The NOS date
occurs on or about the 20th calendar day of the month, subject to
confirmation by Enbridge Pipeline. The official schedule for the
NOS dates will be made publicly available by Enbridge Pipeline
prior to the start of each year.
- Floating Price
In respect of daily settlement, the Floating Price will be the
volume-weighted average of the ICE C5 PEA 1a Index for each trading
day during the same period, as published by ICE-NGX.
For forward months, 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
A price in USD and cents per barrel based on the ICE C5 PEA 1a
Index, as published by ICE-NGX. The index pricing period for each
contract month begins on the first Canadian business day of the
calendar month prior to the contract month and ends on the Canadian
business day prior to the NOS date (as published by Enbridge) in
the same calendar month.
ICE C5 PEA 1a Index is made up of the following trade points:
C5 - NAM PEA
C5 - EDM PEA
- Contract Series
Up to 60 consecutive months
- Final Payment Date
Two Clearing House Business Days following the Last Trading Day
- Business Days
Publication days for ICE-NGX Crude Oil Markets
- MIC Code
- IFED
- Clearing Venues
- ICEU