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.

In all cases, such other date as the Exchange specified on its website from time to time may apply instead
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 Terms
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.
NCR, RL and IPL Levels
No Cancellation Range: $0.50
Reasonability Limit: $0.75
Interval Price Limit (first band): $1.00 ($0.75*), 3 second recalculation and 5 second hold periods

The above No Cancellation Range and Reasonability Limit are established pursuant to paragraphs 11.6 and 2.3A respectively of the Exchange’s Trading Procedures and applies as of 10 February 2020. For further details and the most up-to-date range and limit click here.

The above Interval Price Limit is established pursuant to the Exchange’s Rule G.13 and applies as of 3 December 2019. For further details and the most up-to-date limit click here.

*To be reduced to $0.75 within 30 minutes after the end of the designated settlement period, for the remainder of the trading session
MIC Code
IFSG
Clearing Venues
ICSG

Trading Hours

CityTradingPre-Open
New York8:00 PM - 6:00 PM*
20:00 - 18:00
7:45 PM
19:45
London1:00 AM - 11:00 PM*
01:00 - 23:00
12:45 AM
00:45
Singapore8:00 AM - 6:00 AM*
08:00 - 06:00
7:45 AM
07:45

*Next Day

SG Mondays: Open will begin 2 hours earlier than usual; Pre-open will begin 2:45mins earlier than usual

Codes

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