ICE Crude Diff – Permian WTI Trade Month vs WTI Trade Month Future

A trade month cash settled future based on the ICE daily settlement price for Permian WTI Trade Month Future and the ICE daily settlement price for WTI Trade Month Future.
Crude Diff – Permian WTI Trade Month vs WTI Trade Month Futures	Crude Diff – Permian WTI Trade Month vs WTI Trade Month Futures 	Crude Diff – Permian WTI Trade Month vs WTI Trade Month Futures 	Crude Diff – Permian WTI Trade Month vs WTI Trade Month Futures
Trading Screen Product Name 	Crude Diff Futures (Trade Month) 	Crude Diff Futures (Trade Month) 	Crude Diff Futures (Trade Month)
Trading Screen Hub Name 	Permian WTI/WTI Trade Month 	Permian WTI/WTI Trade Month 	Permian WTI/WTI Trade Month
Contract Symbol 	HOZ 	HOZ 	HOZ
Contract Size 	1,000 barrels 	1,000 barrels 	1,000 barrels
Unit of Trading 	Any multiple of 1,000 barrels 	Any multiple of 1,000 barrels 	Any multiple of 1,000 barrels
Currency 	US Dollars and cents 	US Dollars and cents 	US Dollars and cents
Trading Price Quotation 	One cent ($0.01) per barrel 	One cent ($0.01) per barrel 	One cent ($0.01) per barrel
Settlement Price Quotation 	One tenth of one cent ($0.001) per barrel 	One tenth of one cent ($0.001) per barrel 	One tenth of one cent ($0.001) per barrel
Minimum Price Fluctuation 	One tenth of one cent ($0.001) per barrel 	One tenth of one cent ($0.001) per barrel 	One tenth of one cent ($0.001) per barrel
Last Trading Day 	Trading shall cease at the close of trading on the last business day that falls on or before the 25th calendar day of the month prior to the contract month. If the 25th calendar day is a weekend or holiday, trading shall cease on the first business day prior to the 25th calendar day 	Trading shall cease at the close of trading on the last business day that falls on or before the 25th calendar day of the month prior to the contract month. If the 25th calendar day is a weekend or holiday, trading shall cease on the first business day prior to the 25th calendar day 	Trading shall cease at the close of trading on the last business day that falls on or before the 25th calendar day of the month prior to the contract month. If the 25th calendar day is a weekend or holiday, trading shall cease on the first business day prior to the 25th calendar day
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. 	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. 	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 difference between the average of the settlement prices as made public by ICE for the front month Permian WTI Trade Month Future contract and the average of the settlement prices as made public by ICE for the front month ICE WTI Trade Month Future contract for each business day (as specified below) in the determination period.	In respect of final settlement, the Floating Price will be a price in USD and cents per barrel based on the difference between the average of the settlement prices as made public by ICE for the front month Permian WTI Trade Month Future contract and the average of the settlement prices as made public by ICE for the front month ICE WTI Trade Month Future contract for each business day (as specified below) in the determination period.	In respect of final settlement, the Floating Price will be a price in USD and cents per barrel based on the difference between the average of the settlement prices as made public by ICE for the front month Permian WTI Trade Month Future contract and the average of the settlement prices as made public by ICE for the front month ICE WTI Trade Month Future contract for each business day (as specified below) in the determination period.
Contract Series 	Up to 96 consecutive months 	Up to 96 consecutive months 	Up to 96 consecutive months
Final Payment Date 	Two Clearing House Business Days following the Last Trading Day 	Two Clearing House Business Days following the Last Trading Day 	Two Clearing House Business Days following the Last Trading Day
Business Days 	ICE Business Days 	ICE Business Days 	ICE Business Days
MIC Code 	IFED 	IFED 	IFED
Clearing Venues 	ICEU 	ICEU 	ICEU
Trading Hours 	CITY 	TRADING 	PRE-OPEN
Trading Hours 	NEW YORK 	7:50 PM - 6:00 PM*
19:50 - 18:00 	7:40 PM
19:40
Trading Hours 	LONDON 	12:50 AM - 11:00 PM*
00:50 - 23:00 	12:40 AM
00:40
Trading Hours 	SINGAPORE 	8:50 AM - 7:00 AM
08:50 - 07:00 	8:40 AM
08:40
Trading Hours 	Sunday Pre-Open 5:10 PM ET; Closed on Saturday 	Sunday Pre-Open 5:10 PM ET; Closed on Saturday 	Sunday Pre-Open 5:10 PM ET; Closed on Saturday
Codes 	Clearing Admin Name 	Am Crude Diffs 	Am Crude Diffs
Codes 	Physical 	HOZ 	HOZ
Codes 	Logical 	HOZ 	HOZ
Codes 	GMI (FC) 	O? 	O?
Codes 	ION A.C.N. 	None 	None
== Notes ==
==References==
==Resources==
ICE Crude Diff – Permian WTI Trade Month vs WTI Trade Month Product Spec
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