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Canadian Heavy Crude Oil (Net Energy) BALMO Futures Contract Specs

Contract Unit 1,000 barrels
Price Quotation U.S. dollars and cents per barrel
Trading Hours Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Minimum Price Fluctuation 0.001 per barrel = $1.00
Product Code CME Globex: CHB
CME ClearPort: CHB
Clearing: CHB
Listed Contracts Monthly BALMO contracts listed for 3 consecutive months.
Settlement Method Financially Settled
Floating Price The Index Price for each contract month is equal to the balance-of-month (BALMO) arithmetic average of the Net Energy Canadian Daily Index (CDI) for Canadian Heavy Crude Oil during the Index Pricing Period for the contract month, starting from the selected start date through the last day of trading, inclusively, which occurs one Canadian business day prior to the Notice of Shipments (NOS) date on the Enbridge Pipeline. The Index Pricing Period shall extend from the first Canadian business day of the month through the last Canadian business day prior to Notice of Shipments (NOS) date on the Enbridge Pipeline. The Index is expressed as a differential versus the Calendar Month Average (CMA) of the NYMEX Light Sweet Crude Oil futures settlement price.
Termination Of Trading Trading terminates on the 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.
Exchange Rulebook NYMEX 1088
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing