CME NYMEX: WCW Hardisty Western Canadian Select (NE2) Monthly Index Futures prices chart

Hardisty Western Canadian Select (NE2) Monthly Index Futures (CME NYMEX: WCW) Contract Specifications

Product Code: CME Globex: WCW, CME ClearPort: WCW, Clearing: WCW

Contract Unit: 1,000 barrels
Price Quotation: U.S. dollars and cents per barrel
Minimum Price Fluctuation: 0.001 per barrel = $1.00
Settlement Method: Financially Settled

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.

Floating Price:The Index Price for each contract month is equal to the NE2 Canadian Monthly Index (CMI) for WCS Hardisty during the Index Pricing Period for the contract month. 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 1 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 prior to the contract month. Enbridge publishes the official NOS dates.

Trading Hours: Sunday 5:00 p.m. - Friday - 4:00 p.m. CT with a daily maintenance period from 4:00 p.m. – 5:00 p.m. CT