Your browser is unsupported

Please visit this URL to review a list of supported browsers.

ICE OTC

Dubai 1st Line Swap

Description

A monthly cash settled swap based on the Platts daily assessment price for Dubai Crude.

Market Specifications

Trading Screen Product Name
Platts Dubai Derivatives
Trading Screen Hub Name
Dubai 1st Line
Rule Number
13147
Contract Size
1,000 barrels
Unit of Trading
Any multiple of 1,000 barrels
Currency
US Dollars and cents
Trading Price Quotation
One cent ($0.01) per barrel
Last Trading Day
Last Trading Day of the contract month
Final Settlement
In respect of final settlement, the Floating Price will be a price in USD and cents per barrel based on the average of the mean of the high and low quotations appearing in "Platts Crude Oil Marketwire" under the heading "Key benchmarks ($/bbl)" for "Dubai" prompt month for each business day (as specified below) in the determination period.
Contract Series
Up to 60 consecutive months, or as otherwise determined by the SEF
Final Payment Date
Fourteen (14) Calendar Days after each settlement date via wire transfer or 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
ICEU

Trading Hours

CityTradingPre-Open
New York8:50 PM - 7:05 PM
20:50 - 19:05
8:40 PM
20:40
London12:50 AM - 11:05 PM
00:50 - 23:05
12:40 AM
00:40
Singapore8:50 AM - 7:05 AM
08:50 - 07:05
8:40 AM
08:40

Codes

Clearing Admin Name
Dubai Crude
Physical
DBI
Logical
DBI
GMI (FC)
DB
ION A.C.N.
OU44
Symbol Code
DBI