ICE Crude Diff - Dated Brent vs Brent 1st Line

Crude Diff - Dated Brent vs Brent 1st Line Futures	Crude Diff - Dated Brent vs Brent 1st Line Futures 	Crude Diff - Dated Brent vs Brent 1st Line Futures 	Crude Diff - Dated Brent vs Brent 1st Line Futures
Trading Screen Product Name 	Crude Diff Futures 	Crude Diff Futures 	Crude Diff Futures
Trading Screen Hub Name 	Dated Brent/Brent 1st Line 	Dated Brent/Brent 1st Line 	Dated Brent/Brent 1st Line
Contract Symbol 	DBF 	DBF 	DBF
Contract Size 	1,000 barrels 	1,000 barrels 	1,000 barrels
Unit of Trading 	Any multiple of 1,000 barrels 	Any multiple of 1,000 barrels 	Any multiple of 1,000 barrels
Currency 	US Dollars and cents 	US Dollars and cents 	US Dollars and cents
Trading Price Quotation 	One cent ($0.01) per metric tonne 	One cent ($0.01) per metric tonne 	One cent ($0.01) per metric tonne
Settlement Price Quotation 	One tenth of one cent ($0.001) per metric tonne 	One tenth of one cent ($0.001) per metric tonne 	One tenth of one cent ($0.001) per metric tonne
Minimum Price Fluctuation 	One tenth of one cent ($0.001) per metric tonne 	One tenth of one cent ($0.001) per metric tonne 	One tenth of one cent ($0.001) per metric tonne
Listing Cycle 	Up to 72 consecutive monthly contract months 	Up to 72 consecutive monthly contract months 	Up to 72 consecutive monthly contract months
Last Trading Day 	Last Trading Day prior to the contract month 	Last Trading Day prior to the contract month 	Last Trading Day prior to the contract month
Floating Price 	In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products. 	In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products. 	In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.
Final Settlement 	In respect of final settlement, the Floating Price will be a price in USD and cents per barrel based on the difference between the average of the mean of the high and low quotations appearing in "Platts Crude Oil Marketwire" under the heading "Key benchmarks ($/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.	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 ($/bbl)" for "Brent (Dated)" and the average of the settlement prices as made public by the ICE for the Brent 1st Line Swap Future for each Business Day in the determination period. Common Pricing Applies.	In respect of final settlement, the Floating Price will be a price in USD and cents per barrel based on the difference between the average of the mean of the high and low quotations appearing in "Platts Crude Oil Marketwire" under the heading "Key benchmarks ($/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. 	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. 	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 	Up to 72 consecutive months 	Up to 72 consecutive months
Final Payment Date 	One Business Day following the Last Trading Day 	One Business Day following the Last Trading Day 	One Business Day following the Last Trading Day
Business Days 	UK Business Days 	UK Business Days 	UK Business Days
MIC Code 	IFEU 	IFEU 	IFEU
Clearing Venues 	ICEU 	ICEU 	ICEU
Trading Hours 	CITY 	TRADING 	PRE-OPEN
Trading Hours 	NEW YORK 	7:50 PM - 6:00 PM*
19:50 - 18:00 	7:40 PM
19:40
Trading Hours 	LONDON 	12:50 AM - 11:00 PM*
00:50 - 23:00 	12:40 AM
00:40
Trading Hours 	SINGAPORE 	8:50 AM - 7:00 AM
08:50 - 07:00 	8:40 AM
08:40
Codes 	Clearing Admin Name 	Crude Diffs 	Crude Diffs
Codes 	Physical 	DBF 	DBF
Codes 	Logical 	DBF 	DBF
Codes 	GMI (FC) 	PI 	PI
Codes 	ION A.C.N. 	NM89 	NM89
== Notes ==
==References==
==Resources==
ICE Crude Diff - Dated Brent vs Brent 1st Line Product Spec
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