ICE Futures Europe

Crude Diff - Brent 12-Month Calendar Spread Future

Crude Diff - Brent 12-Month Calendar Spread Future6753346

Description

A Brent Crude Oil 12-Month Calendar Spread Future

Market Specifications

Trading Screen Product Name
Crude Futures
Trading Screen Hub Name
Brent CSO 12 Month
Commodity Code
BRZ
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
Close of business on the Penultimate Trading Day of the underlying ICE Brent Crude futures contract. In this case the close of business refers to the settlement time of the Brent Futures at 19:30 London time.
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
The reference price will be a price in USD and cents per barrel equal to the difference of the nearby ICE Brent Crude Futures contract and the contract month expiring 12 calendar months later in the ICE Brent Crude Futures contract series.
Contract Series
Up to 2 consecutive 12-month calendar spreads
Final Payment Date
One Business Day following the Last Trading Day
Business Days
ICE Business Days
MIC Code
IFEU
Clearing Venues
ICEU

Trading Hours

CityTradingPre-Open
New York7:50 PM - 6:00 PM
19:50 - 18:00
7:40 PM
19:40
London12:50 AM - 11:00 PM
00:50 - 23:00
12:40 AM
00:40
Singapore8:50 AM - 7:00 AM
08:50 - 07:00
8:40 AM
08:40

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

Codes

Clearing Admin Name
Crude Outrights
Physical
BRZ
Logical
BRZ
GMI(FC)
HX
R&N A.C.N.
TO32