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Argus Sour Crude Index ("ASCI") vs. WTI Diff Spread Calendar Month Swap Futures
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Argus Sour Crude Index ("ASCI") vs. WTI Diff Spread Calendar Month Swap Futures
Product Symbol 38
Venue CME ClearPort, Open Outcry (New York)
Hours
(All Times are New York Time/ET)		 CME ClearPort: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)
Open Outcry: Monday – Friday 9:00 AM to 2:30 PM (8:00 AM to 1:30 PM CT)
Contract Unit 1,000 barrels
Price Quotation U.S. Dollars and Cents per barrel
Minimum Fluctuation $0.01 per barrel
Floating Price The Floating Price for each contract month is equal to the arithmetic average of the Argus Sour Crude Index ("ASCI") differential (Diff) price for the front month from Argus Media, which is based on the ASCI price minus the WTI Formula Basis price, for each business day that both are determined during the contract month.
Termination of Trading Trading shall cease at the close of trading on the last business day of the contract month.
Listed Contracts 36 consecutive months
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 224
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.