- Trading Screen Product Name
- Crude Diff Futures
- Trading Screen Hub Name
- Brent Bullet CFD/1st 1000bbl
- Rule Number
1370
- Contract Symbol
BSM
- Contract Size
1,000 barrels
- Unit of Trading
Any multiple of 1,000 barrels
- Currency
US Dollars and cents
- Trading Price Quotation
One cent ($0.01) per barrel
- Last Trading Day
Second Business Day after the nominal contract date
- Final Settlement
In respect of final settlement, the Floating Price will be a price
in USD and cents per barrel based on the difference between the
average of the "Mid" quotations appearing in “Platts Crude
Oil Marketwire” under the heading “Key benchmarks
($/barrel)” for “Brent (Dated)” and the average
of the "Mid" quotations for the “Spot Crude Assessment”
for “Brent” for the first quoted month for each
Business Day that both are determined during the contract month.
- Contract Series
130 days, or as otherwise determined by the SEF
- Final Payment Date
Five (5) New York Business Days after each settlement date via wire
transfer of Federal funds
- Business Days
Publication days for Platts Crude Oil Marketwire
- Other Terms
To be confirmed directly between the parties in their full form of
contract. The terms reflected in such contracts shall be
controlling.
- MIC Code
- ICES
- Clearing Venues
- Bilateral