- Trading Screen Product Name
- Crude Diff Futures (balmo)
- Trading Screen Hub Name
- Brent 1st Line/Dubai 1st Line (Platts)
- Contract Symbol
BOH
- 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 ($0.001) per barrel
- Last Trading Day
Last Trading Day of the contract month
- Floating Price
In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.
- Final Settlement
In respect of final settlement, the Floating Price will be a price
in USD and cents per barrel based on the difference between the
average of the settlement prices as made public by ICE for the
front month Brent Crude Futures and the average of the
“Mid” quotations appearing in “Platts Crude Oil
Marketwire” under the heading “Key benchmarks
($/barrel)” for “Dubai” prompt month for each
business day (as specified below) in the determination period.
Non-Common Pricing applies.
- Roll Adjust Provision
In order to use the correct Floating Price quotations, the nearby
month quotation for ICE Brent Futures specified in the Floating
Price terms above will be used except for the expiration date of
the commodity's underlying delivery month's futures contract. On
such date, the applicable pricing quotation will be rolled to the
following month's futures contract
- Contract Series
Up to 2 consecutive months
- Final Payment Date
Two Clearing House Business Days following the Last Trading Day
- Business Days
Publication days for Platts Crude Oil Marketwire and ICE
- MIC Code
- IFEU
- Clearing Venues
- ICEU