- Trading Screen Product Name
- Crude Futures
- Trading Screen Hub Name
- Brent Euro Option (Cash Settled)
- Contract Symbol
BUL
- 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
Trading shall end three Business Days prior to the Expiration Date
of the ICE Brent Crude Futures contract.
If the day on which trading in the relevant EU-Style Brent Future
is due to cease would be either: (i) the Business Day preceding
Christmas Day, or (ii) the Business Day preceding New Year’s
Day, then trading shall cease on the next preceding Business Day
- 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 settlement price of the ICE Brent Bullet Swap Future (BNB) for the contract month. For these purposes "settlement price" means the 3rd to last day prior to the Last Trading Day of the ICE Brent Crude Futures contract month.
- Contract Series
Up to 36 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