- Trading Screen Product Name
- Crude Diff Futures
- Trading Screen Hub Name
- Daily Dated Brent (Platts)/Brent 2nd Line
- Contract Symbol
DBS
- 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
- Settlement Price Quotation
One tenth of one cent ($0.001) per barrel
- Minimum Price Fluctuation
One tenth of one cent ($0.001) per barrel
- Last Trading Day
Second Business Day after the nominal contract date
- Floating Price
In respect of daily settlement, the Floating Price will be
determined by ICE using price data from a number of sources
including spot, forward and derivative markets for both physical
and financial products.
- Final Settlement
In respect of final settlement, the Floating Price will be a price
in USD and cents per barrel based on the difference between the
“Mid” quotations appearing in “Platts Crude Oil
Marketwire” under the heading “Key benchmarks
($/barrel)” for “Brent (Dated)” and the daily
settlement price as made public by ICE for the second month
quotation of the Brent Crude Future for each business day (as
specified below) in the determination period.
Common Pricing applies.
- Contract Series
130 days
- Final Payment Date
Two Clearing House Business Days following the Last Trading Day
- Business Days
Publication days for Platts Crude Oil Marketwire
- MIC Code
- IFEU
- Clearing Venues
- ICEU