Brent 1st Line Balmo Future6753495
ICE Futures Europe
Brent 1st Line Balmo Future
Description
A balance of the month cash settled future based on the ICE daily settlement price for Brent Crude Futures.
Market Specifications
- Trading Screen Product Name
- Crude Futures (balmo)
- Trading Screen Hub Name
- Brent 1st Line
- Contract Symbol
- BSQ
- Hedge Instrument
- The delta hedge for the Brent Average Price Balmo Option is the Brent 1st Line Balmo Future (BSQ)
- 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
- 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 settlement prices as made public by ICE for the front month ICE Brent Crude Futures contract for the month of production.
- Roll Adjust Provision
- In order to use the correct Floating Price quotations, the nearby month quotation for ICE Brent Futures specified in the Floating Price terms above will be used except for the expiration date of the commodity's underlying delivery month's futures contract. On such date, the applicable pricing quotation will be rolled to the following month's futures contract.
- Contract Series
- Up to 2 consecutive months
- Final Payment Date
- Two Clearing House Business Days following the Last Trading Day
- Business Days
- Publication days for ICE
- MIC Code
- IFEU
- Clearing Venues
- ICEU
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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 | 8:50 AM - 7:05 AM* 08:50 - 07:05 | 8:40 AM 08:40 |
Sunday Pre-Open 5:10 PM ET; Closed on Saturday
Codes
- Clearing Admin Name
- Crude Outrights
- Physical
- BSQ
- Logical
- BSQ
- GMI (FC)
- 9Z
- ION A.C.N.
- Symbol Code
- BSQ