Weekly CFD - Dated Brent vs Second Month BFOE Swap40618621
ICE OTC
Weekly CFD - Dated Brent vs Second Month BFOE Swap
Description
A cash settled swap based on the difference between the Platts daily assessment price for Dated Brent and the second listed Platts BFOE month.
Market Specifications
- Trading Screen Hub Name
- Brent CFD/2nd
- Rule Number
- 1372
- Contract Symbol
- CFT
- Contract Size
- 200 barrels
- Unit of Trading
- Any multiple of 200 barrels
- Currency
- US Dollars and cents
- Trading Price Quotation
- One cent ($0.01) per barrel
- Last Trading Day
- Eight calendar days following the nominal contract day
- Final Settlement
- In respect of final settlement, the Floating Price will be a price in USD and cents per barrel based on the difference between the average of the "Mid" quotations appearing in "Platts Crude Oil Marketwire" under the heading "Key benchmarks ($/barrel)" for "Brent (Dated)" and the average of the "Mid" quotations for the "Spot Crude Assessment" for "Brent" for the second quoted month for each Business Day that both are determined during the contract period.
- Contract Series
- 130 consecutive days
- Final Payment Date
- One Business Day following the Last Trading Day
- Business Days
- UK Business Days
- Other Terms
- To be confirmed directly between the parties in their full form of contract. The terms reflected in such contracts shall be controlling.
- MIC Code
- ICES
- Clearing Venues
- IEPA
Related Products
Trading Hours
| City | Trading | Pre-Open |
|---|---|---|
| NEW YORK | 7:50 PM - 6:05 PM* 19:50 - 18:05 | 7:40 PM 19:40 |
| LONDON | 12:50 AM - 11:05 PM 00:50 - 23:05 | 12:40 AM 00:40 |
| SINGAPORE | 7:50 AM - 6:05 AM* 07:50 - 06:05 | 7:40 AM 07:40 |
*Next Day
Sunday Pre-Open 5:40 PM ET; Closed on Saturday
Codes
- Clearing Admin Name
- Physical
- Logical
- GMI (FC)
- ION A.C.N.
- Symbol Code
- CFT