We hereby confirm that, acting as agent on your instructions, we have arranged the following deal on your behalf:
| TRADE DATE: |
APRIL 28, 2024
2:30:22 PM GMT
|
| COMMODITY TYPE: |
BRENT CFD VS 1ST MONTH
|
| QUANTITY PER DETERMINATION PERIOD: |
0
BBL
MONTHLY
|
| TOTAL QUANTITY: |
0
BBL
|
| FIXED PRICE PAYOR: |
SALLY SMITH,
XYZ COMPANY
555 555 1234
|
| FLOATING PRICE PAYOR: |
JOHN DOE,
ABC COMPANY
555 555 6789
|
| STRIP: |
XXX24
|
| EFFECTIVE DATE: |
APR 28, 2024
|
| TERMINATION DATE: |
APR 28, 2024
|
| FIXED PRICE: |
0.00
USD / BBL
|
|
FLOATING PRICE (A):
|
TO BE BASED ON THE MEAN OF THE ARITHMETIC AVERAGE OF THE RELEVANT HIGH AND LOW QUOTATIONS APPEARING IN THE 'PLATTS CRUDE OIL MARKETWIRE' UNDER THE HEADING 'SPOT CRUDE ASSESSMENTS' FOR 'BRENT (DTD)' QUOTATION PUBLISHED FOR THE DETERMINATION PERIOD.
|
|
FLOATING PRICE (B):
|
TO BE BASED ON THE MEAN OF THE ARITHMETIC AVERAGE OF THE RELEVANT HIGH AND LOW QUOTATIONS APPEARING IN 'PLATT'S CRUDE OIL MARKETWIRE' UNDER THE HEADING 'SPOT CRUDE ASSESSMENTS' FOR 'BRENT' QUOTATION PUBLISHED FOR THE DETERMINATION PERIOD FOR THE RELEVANT DELIVERY PERIOD.
|
|
FINAL FLOATING PRICE:
|
FLOATING PRICE (A) - FLOATING PRICE (B)
|
|
DETERMINATION PERIOD:
|
EFFECTIVE DATE - TERMINATION DATE
|
|
SETTLEMENT:
|
CASH SETTLED IN USD.
|
|
SETTLEMENT DATES:
|
THE LAST PRICING DAY IN EACH DETERMINATION PERIOD.
|
|
PAYMENT DATES:
|
FIVE NEW YORK BUSINESS DAYS AFTER THE SETTLEMENT DATE VIA WIRE TRANSFER OF FEDERAL FUNDS.
|
|
OTHER TERMS:
|
TO BE CONFIRMED DIRECTLY BETWEEN THE ABOVE PARTIES IN THEIR FULL FORM OF CONTRACT. TERMS OF ANY MASTER AGREEMENT(S) BETWEEN THE TWO COUNTERPARTIES TAKE PRECEDENCE OVER THE TERMS OF THIS CONFIRMATION.
|
| SEF TERMS: |
THE TRANSACTION WILL INCORPORATE AND BE SUBJECT TO THE TERMS OF THE REFERENCED ISDA COMMODITY DERIVATIVES DEFINITIONS, AS AMENDED AND SUPPLEMENTED AS OF THE DATE HEREOF, ANY APPLICABLE PUBLISHED STANDARD TERMS SUPPLEMENT AS OF THE DATE HEREOF FOR THE RELEVANT TRANSACTION TYPE AND REFERENCE ENTITY, AND ANY APPLICABLE MASTER AGREEMENT (INCLUDING ANY CREDIT SUPPORT ARRANGEMENT) BETWEEN THE PARTIES. FOR THE AVOIDANCE OF DOUBT, THIS CONFIRMATION LEGALLY SUPERSEDES ANY CONTRADICTORY TERMS FOUND IN ANY FREESTANDING NEGOTIATED AGREEMENTS THAT THE PARTIES MAY HAVE ENTERED INTO RELATING TO THIS TRANSACTION OR TO TRANSACTIONS GENERALLY. |
IntercontinentalExchange, Inc. trusts that the above correctly reflects your understanding of the deal in question and thanks you for this opportunity to be of service. Please note that the role of IntercontinentalExchange, Inc. is to introduce potential counterparties by electronically broadcasting orders via the trading system, which matches bids and offers based upon counterparty parameters established by Participants. IntercontinentalExchange, Inc. is not responsible for, nor is the trading system a substitute for, your judgment and determination as to the merits of the terms, provisions or contingencies applicable to the transaction or the underlying product. Furthermore, IntercontinentalExchange, Inc. is not responsible for the financial condition and/or performance of either counterparty in this deal. Certain of the products traded refer to commodity price indices published by third parties. IntercontinentalExchange, Inc. has no affiliation with such third party index publishers and accepts no liability or responsibility with respect to any errors or omissions of such publishers.