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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 NYMEX ClearPort® 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 and the next three years. A new calendar year will be added following the termination of trading in the December contract of the current year. |
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| Termination of Trading |
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| Trading ceases 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 NYMEX Light Sweet Crude Oil Futures first nearby contract settlement price minus the ICE Brent Crude Oil Futures first nearby contract settlement price on the last trading day of the contract month. |
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| Trading Symbol |
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| BY |
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