- Trading Screen Product Name
- Crude Futures
- Trading Screen Hub Name
- Daily BFOET (Platts) M2
- Contract Symbol
BF2
- 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 ($0.001) per barrel
- Last Trading Day
Second Business Day after the nominal contract date
- Floating Price
In respect of daily settlement, the Floating Price will be
determined by ICE using price data from a number of sources
including spot, forward and derivative markets for both physical
and financial products.
- Final Settlement
In respect of final settlement, the Floating Price will be a price
in USD and cents per barrel based on the “Mid”
quotation appearing in “Platts Crude Oil Marketwire”
under the heading “Key benchmarks ($/bbl)” for
“Brent (M2)” for each business day (as specified below)
in the determination period.
- Contract Series
130 days
- Final Payment Date
Two Clearing House Business Days following the Last Day in the
determination period.
- Business Days
Publication days for Platts Crude Oil Marketwire
- MIC Code
- IFEU
- Clearing Venues
- ICEU