UK Base Electricity Future (Gregorian) (ICE Futures Europe : UBL) Contracts are for physical delivery of Electricity on a continuous baseload basis, i.e. 23:00 - 22:59 LLT Monday - Sunday, through National Grid, the transmissions system operator in the UK. Delivery is made equally each hour throughout the delivery period. Trading Screen Product Name : UK Base Electricity Futures (Gregorian) Trading Screen Hub Name : UK Grid Clearing Admin Name: UK Base Greg, Physical Code: UBL, Logical Code: UBL MIC Code: IFEU, Clearing Venues: ICEU Contract Symbol: UBL Currency: GBP Contract Size: 3 MW x days in the contract period (i.e. month, quarter, or year) x 23, 24 or 25 hours (summer / winter time) Unit of Trading: 1 MWh of electricity per hour per day Trading Price Quotation: One pence (£0.01) per MWh Settlement Price Quotation: One pence (£0.01) per MWh Minimum Price Fluctuation: One pence (£0.01) per MWh Maximum Price Fluctuation: There are no limits T
WTI Crude Oil Futures (CME NYMEX: CL) : WTI = West Texas Intermediate. Also called as Texas light sweet. Medium crude oil, relatively low density and sweet (low sulfur content). Major trading hub and delivery point for WTI crude contracts is Cushing, Oklahoma. Contract Unit: 1,000 barrels. Price Quotation: U.S. dollars and cents per barrel. Minimum Price Fluctuation: 0.01 per barrel = $10.00. Settlement Method: Deliverable. Trading hours: Sunday - Friday 5:00 p.m. - 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 p.m. CT. Termination Of Trading: Trading terminates 3 business day prior to the twenty-fifth calendar day of the month prior to the contract month. Listed Contracts: Monthly contracts listed for the current year and the next 10 calendar years and 2 additional contract months.