| Dated Brent (Platts) Average Price Option | |||||
|---|---|---|---|---|---|
| Underlying Futures | Dated Brent (Platts) Financial Futures (UB) | ||||
| Product Symbol | CME Globex: DBP CME ClearPort: DBP Open Outcry: DBP |
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| Venue | CME Globex, CME ClearPort, Open Outcry (New York) | ||||
| Hours (All Times are New York Time/ET) |
CME Globex: | Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m.CT) Trade is Flow per day. | |||
| CME ClearPort: | Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT) | ||||
| Open Outcry: | Monday – Friday 9:00 AM to 2:30 PM (8:00 AM to 1:30 PM CT) | ||||
| Contract Unit | A Dated Brent (Platts) Average Price Call Option traded on the Exchange represents the differential between the final settlement price of the underlying Dated Brent (Platts) Calendar Swap Futures contract less the strike price, or zero whichever is greater, multiplied by 1,000. A Dated Brent (Platts) Average Price Put Option represents the differential between the strike price and the final settlement price of the underlying Dated Brent (Platts) Calendar Swap Futures contract, or zero, whichever is greater, multiplied by 1,000. | ||||
| Price Quotation | U.S. dollars and cents per barrel | ||||
| Option Style | Average Price – non-early exercisable option | ||||
| Minimum Fluctuation | $0.01 per barrel | ||||
| Expiration of Trading | Last business day of the contract month | ||||
| Listed Contracts | CME ClearPort and Open Outcry: | 36 consecutive months | |||
| CME Globex: | 1 consecutive month | ||||
| Strike Prices | Prices shall be quoted in dollars and cents per Barrel. | ||||
| Settlement Type | Financial | ||||
| Position Limits | NYMEX Position Limits | ||||
| Rulebook Chapter | 1078 | ||||
| Exchange Rule | These contracts are listed with, and subject to, the rules and regulations of NYMEX. | ||||