Weekly Brent CFD vs Second Month Swap40618621

Description

A cash settled swap based on the difference between the Platts daily assessment price for Dated Brent and the second listed Platts BFOE month.

Market Specifications

Rule Number
1372
Commodity Code
CFT
Contract Size
200 barrels
Unit of Trading
Any multiple of 200 barrels
Currency
US Dollars and cents
Trading Price Quotation
One cent ($0.01) per barrel
Last Trading Day
Eight calendar days following the nominal contract day
Final Settlement
In respect of final settlement, the Floating Price will be a price in USD and cents per barrel based on the difference between the average of the "Mid" quotations appearing in "Platts Crude Oil Marketwire" under the heading "Key benchmarks ($/barrel)" for "Brent (Dated)" and the average of the "Mid" quotations for the "Spot Crude Assessment" for "Brent" for the second quoted month for each Business Day that both are determined during the contract period.
Contract Series
130 consecutive days
Final Payment Date
One Busienss Day following the Last Trading Day
Business Days
UK Business Days
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
IEPA
Loading...

Trading Hours

CityTradingPre-Open
New York7:50 PM - 6:05 PM*
19:50 - 18:05
7:40 PM
19:40
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

*Next Day

Sunday Pre-Open 5:40 PM ET; Closed on Saturday

Codes

Clearing Admin Name
Physical
Logical
GMI(FC)
R&N A.C.N.