The Floating Price for each contract month will be equal to the Light Sweet Crude Oil Futures contract final settlement price for the corresponding contract month on the last trading day for the E-mini Crude Oil Futures contract month. (cmegroup.com)
Specifically, when a seller makes the first offer, the final settlement price tends to be higher than when the buyer makes the first offer.» (inc.com)
Essentially, the OCC would determine the final settlement price «based on its judgment of what is appropriate for the protection of investors and the public interest, taking into account such factors as fairness to buyers and sellers, the maintenance of a fair and orderly market, consistency of interpretation and practice, and consistency with actions taken in related futures or other markets.» (ethnews.com)