- Trading Screen Product Name
- Crude Diff Futures
- Trading Screen Hub Name
- Brent CFD/2nd
- Contract Symbol
CFT
- Contract Size
200 barrels
- Unit of Trading
CFD’s will trade as weekly packages on the execution
platform. Each weekly contract of 1,000 bbls will be divided into 5
daily contracts of 200 bbls each. No holidays are observed, and
thus, holiday and publication interruptions, with regard to final
settlement, will be final settled at the average of the applicable
daily prints within the relevant week. Each day in the CFD will
settle independently and sequentially, once the final weekly
average is determined. The basis month for the 1st day of pricing
will apply throughout the pricing period.
- Currency
US Dollars and cents
- Trading Price Quotation
One cent ($0.01) per barrel
- Settlement Price Quotation
One tenth of one cent ($0.001) per barrel
- Minimum Price Fluctuation
One tenth of one cent ($0.001) per barrel
- Last Trading Day
The last Trading Day of the week preceding the week of the nominal
contract days.
- Floating Price
In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward, and derivative markets for both physical and financial products.
- Final Settlement
In respect of final settlement, the Floating Price will be a price
in USD and cents per barrel based on the difference between the
average of the "Mid" quotations appearing in “Platts Crude
Oil Marketwire” under the heading “Key benchmarks
($/barrel)” for “Brent (Dated)” and the average
of the "Mid" quotations appearing in “Platts Crude Oil
Marketwire” under the heading "Key benchmarks
($/barrel)” for "Brent" for the second quoted month for each
business day that both are determined during the contract period.
- Contract Series
Up to 20 weeks
- Final Payment Date
Two Clearing House Business Days following the Last Trading Day
- Business Days
UK Business Days
- MIC Code
- IFEU
- Clearing Venues
- ICEU