- Trading Screen Product Name
- Crude Futures
- Trading Screen Hub Name
- Daily Dated Brent 1000bbl
- Contract Symbol
DDB
- Contract Size
1,000 barrels
- Unit of Trading
Any multiple of 1,000 barrels
- 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 ($0.001) per barrel
- Last Trading Day
Second Business Day after the nominal contract date
- Floating Price
In respect of daily settlement, the Floating Price will be
determined by ICE using price data from a number of sources
including spot, forward and derivative markets for both physical
and financial products.
- Final Settlement
In respect of final settlement, the Floating Price will be a price
in USD and cents per barrel based on the average of the mean of the
high and low quotations appearing in “Platts Crude Oil
Marketwire” under the heading “Key benchmarks
($/bbl)” for “Brent (Dated)” for each business
day (as specified below) in the determination period.
- Contract Series
130 days
- Final Payment Date
Two Clearing House Business Days following the Last Trading Day
- Business Days
Publication days for Platts Crude Oil Marketwire
- MIC Code
- IFEU
- Clearing Venues
- ICEU