Dated Brent (Platts) to Frontline Brent BALMO Futures Contract Specs

Futures

Contract Unit	1,000 barrels
Price Quotation	U.S. dollars and cents per barrel
Trading Hours	CME Globex:	Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
	CME ClearPort:	Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Minimum Price Fluctuation	$0.001 per barrel
Product Code	CME Globex: AFE CME ClearPort: FE Clearing: FE
Listed Contracts	Monthly contracts listed for 3 consecutive months.
Settlement Method	Financially Settled
Floating Price	The Floating Price for each contract month is equal to the balance-of-month arithmetic average of the high and low quotations from the Platts Crude Oil Marketwire for Dated Brent minus the Brent Crude Oil (ICE) Futures first nearby contract settlement price starting from the selected start date through the end of the contract month, inclusively (using Common pricing). The settlement price of the first nearby Brent Crude Oil (ICE) Futures contract month will be used except on the last day of trading for the expiring Brent Crude Oil (ICE) Futures contract when the settlement price of the second nearby contract month will be used. The settlement price of the first nearby Brent Crude Oil (ICE) Futures contract month will be used except on the last day of trading for the expiring Brent Crude Oil (ICE) Futures contract when the settlement price of the second nearby contract month will be used.
Termination Of Trading	Trading shall cease on the last business day of the contract month.
Position Limits	NYMEX Position Limits
Exchange Rulebook	NYMEX 831
Block Minimum	Block Minimum Thresholds
Vendor Codes	Quote Vendor Symbols Listing

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