Mini Brent Crude Futures (100 BBL)

Mini Brent Crude Futures (100 BBL)44214899

Description

Cash-settled contract based on the ICE Futures Europe Brent Crude Futures contract

Market Specifications

Trading Screen Product Name
Mini Brent Crude Futures
Trading Screen Hub Name
ICSG
Commodity Code
BM
Contract Size
100 barrels
Unit of Trading
Any multiple of 100 barrels
Currency
US Dollars
Trading Price
USD and cents (USD 0.01) per barrel
Settlement Price
USD and cents (USD 0.01) per barrel
Minimum Price Fluctuation
One cent (USD 0.01) per barrel (USD 1.00 per contract)
Expiration Date
Trading shall cease at the end of the designated settlement period on the last business day of the second month preceding the relevant contract month (e.g. the March contract month will expire on the last business day of January). If the day on which trading is due to cease would be either:
(i) the business day preceding Christmas day, or
(ii) the business day preceding New Year’s day, then trading shall cease on the next preceding business day.
Contract Security
ICE Clear Singapore acts as the central counterparty for trades conducted on ICE Futures Singapore. This enables it to guarantee the financial performance of every contract registered with it by clearing members up to and including exercise and/or settlement.
Daily Settlement
Price will reference ICE Futures Europe Brent Crude Futures.
Daily Margin
All open contracts are marked-to-market daily.
Contract Series
Contract series to reference ICE Futures Europe Brent Crude Futures
Delivery/Settlement Basis
Cash-settled against the ICE Brent Index price as published by ICE Futures Europe on the next trading day following the last trading day for the contract month.
Business Days
ICE Futures Europe business days.
MIC Code
IFSG
Clearing Venues
ICSG
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Trading Hours

CityTradingPre-Open
New York8:00 PM - 6:00 PM*
20:00 - 18:00
7:55 PM
19:55
London1:00 AM - 11:00 PM*
01:00 - 23:00
12:55 AM
00:55
Singapore9:00 AM - 7:00 AM*
09:00 - 07:00
8:55 AM
08:55

*Next Day

SG Mondays: Open and Pre-open will begin 2 hours earlier than usual

Codes

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