Weekly CFD - Dated Brent vs Second Month BFOE Swap

ICE OTC

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

Trading Screen Hub Name: Brent CFD/2nd
Rule Number: 1372
Contract Symbol: 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

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