- 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