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: CIL
CME ClearPort: CIL
Clearing: CIL
Listed Contracts Monthly contracts listed for the current year and the next 4 calendar years. List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year.
Settlement Method Financially Settled
Floating Price The Index Price for each contract month is equal to the NE2 Canadian Daily Index (CDI) for SW Edmonton during the pricing period for the contract month. The Pricing Period shall extend from the first Canadian business day of the month through the last Canadian business day prior to Notice of Shipments 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 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.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1211
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing