Dated Brent (Platts) to Frontline Brent Futures - Contract Specs
Contract Unit | 1,000 barrels |
---|---|
Price Quotation | U.S. dollars and cents per barrel |
Trading Hours | CME Globex: Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT) CME ClearPort: Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT) |
Minimum Price Fluctuation | $0.01 per barrel |
Product Code | CME Globex: AFY CME ClearPort: FY Clearing: FY |
Listed Contracts | current year + the next 5 years |
Settlement Method | Financially Settled |
Floating Price | The Floating Price for each contract month is the arithmetic average of the mid-point between the high and low quotations from the Platts Crude Oil Marketwire for Dated Brent minus the Brent Crude Oil (ICE) Futures first nearby contract settlement price for each business day that both are determined during the contract month (using Common pricing), except as set forth in Section (B) below. (B) The settlement price of the first nearby contract month will be used except on the last day of trading for the expiring Brent Crude Oil Futures contract when the settlement price of the second nearby Brent contract will be used. |
Termination of Trading | Trading shall cease on the last business day of the contract month. |
Position Limits | |
Exchange Rulebook | |
Block Minimum | |
Vendor Codes |