Dubai 1st Line (Platts) Mini Future

ICE Futures Europe

A monthly cash settled mini future based on the Platts daily assessment price for Dubai Crude

Trading Screen Product Name: Crude Futures
Trading Screen Hub Name: Dubai 1st Line Mini
Contract Symbol: DBM
Contract Size: 100 barrels
Unit of Trading: Any multiple of 100 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 ($0.001) per barrel
Last Trading Day: Last Trading Day of the contract month
Floating Price: In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.
Final Settlement: In respect of final settlement, the Floating Price will be a price in USD and cents per barrel based on the average of the mean of the high and low quotations appearing in "Platts Crude Oil Marketwire" under the heading "Key benchmarks ($/bbl)" for "Dubai" prompt month for each business day (as specified below) in the determination period.
Contract Series: Up to 60 consecutive months
Final Payment Date: Two Clearing House Business Days following the Last Trading Day
Markers: TAP MOC (Trade at Platts Settlement-Market on Close)
Business Days: Publication days for Platts Crude Oil Marketwire
MIC Code: IFEU
Clearing Venues: ICEU

*Next Day

Sunday Pre-Open 5:10 PM ET; Closed on Saturday

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