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| Trading Unit |
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| 1000 barrels. |
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| Price Fluctuation |
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| U.S. dollars and cents per barrel. |
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| Trading Hours (All times are New York time) |
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| The contract is available for trading on the CME Globex® trading platform from 6:00 PM Sundays through 5:15 PM Fridays, with a 45-minute break each day between 5:15 PM and 6:00 PM. Off-Exchange transactions can be submitted solely for clearing to the NYMEX ClearPort® clearing website as an exchange of futures for swaps (EFS) or exchange of futures for physicals (EFP) transaction until 5:15 PM, Monday through Friday, and the day preceding a holiday. |
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| Minimum Price Fluctuation |
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| $0.01 per barrel. |
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| Trading Months |
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| The current year plus the next eight years through December 2015. A new calendar year will be added following the termination of trading in the December contract of the current year. |
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| Trading at Settlement (TAS) |
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| Trading at settlement is available for the front two months except on the last trading day and is subject to the existing TAS rules. Trading in all TAS products will cease daily at 2:30 PM Eastern Time. The TAS products will trade off of a "Base Price" of 100 to create a differential (plus or minus) in points off settlement in the underlying cleared product on a 1 to 1 basis. A trade done at the Base Price of 100 will correspond to a "traditional" TAS trade which will clear exactly at the final settlement price of the day. |
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| Termination of Trading |
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| Trading shall end one business day prior to the termination of the Brent futures contract, i.e., two business days before the fifteenth calendar day prior to the first day of the delivery month, if the fifteenth calendar day is not a holiday or weekend in London. If the fifteenth calendar day is a holiday or weekend in London, trading shall end three business days prior to the last business day preceding the fifteenth calendar day. |
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| Margin Requirements |
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| Margins are required for open futures positions. |
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| Settlement |
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| Financial, based on the ICE Brent Crude Oil Futures 1st nearby contract settlement price on the penultimate trading day for the delivery month. |
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| Trading Symbol |
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BB
BBT (TAS Code) |
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