|
|
 |
 |
 |
| |
|
To help market participants better manage their crude oil price risk, the New York Mercantile Exchange makes available a Brent-Dubai swap futures contract.
The floating price for each contract month is the arithmetic average of the Brent ICE crude oil futures first nearby contract settlement price minus the mid-point between the high and low quotations from Platts Crude Oil Marketwire for the Dubai front month price for each business day that both are determined during the contract month. This contract is cash-settled.
The contract is available for trading on NYMEX Clearport®; off-exchange transactions can be submitted for clearing only.
All positions are aggregated and margined according to the value at risk as calculated by the SPAN® system. Cross margining of offsetting positions across markets can result in reduced margin obligations.
|
|
 |
|