ICE Crude Diff - Dated Brent vs Brent 1st Line

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Crude Diff - Dated Brent vs Brent 1st Line Futures
Trading Screen Product Name Crude Diff Futures
Trading Screen Hub Name Dated Brent/Brent 1st Line
Contract Symbol DBF
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 metric tonne
Settlement Price Quotation One tenth of one cent ($0.001) per metric tonne
Minimum Price Fluctuation One tenth of one cent ($0.001) per metric tonne
Listing Cycle Up to 72 consecutive monthly contract months
Last Trading Day Last Trading Day prior to the contract month
Floating Price In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.
Final Settlement In respect of final settlement, the Floating Price will be a price in USD and cents per barrel based on the difference between the average of the mean of the high and low quotations appearing in "Platts Crude Oil Marketwire" under the heading "Key benchmarks ($/bbl)" for "Brent (Dated)" and the average of the settlement prices as made public by the ICE for the Brent 1st Line Swap Future for each Business Day in the determination period. Common Pricing Applies.
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 72 consecutive months
Final Payment Date One Business Day following the Last Trading Day
Business Days UK Business Days
MIC Code IFEU
Clearing Venues ICEU
Trading Hours CITY TRADING PRE-OPEN
NEW YORK 7:50 PM - 6:00 PM*

19:50 - 18:00

7:40 PM

19:40

LONDON 12:50 AM - 11:00 PM*

00:50 - 23:00

12:40 AM

00:40

SINGAPORE 8:50 AM - 7:00 AM

08:50 - 07:00

8:40 AM

08:40

Codes Clearing Admin Name Crude Diffs
Physical DBF
Logical DBF
GMI (FC) PI
ION A.C.N. NM89

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ICE Crude Diff - Dated Brent vs Brent 1st Line Product Spec