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

Futures

Product Symbol	CME Globex: AFE CME ClearPort: FE Open Outcry: FE
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	1,000 barrels
Price Quotation	U.S. dollars and cents per barrel
Minimum Fluctuation	$0.001 per barrel
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.
Listed Contracts	One month and the following month for 10 business days prior to the start of the contract month
Settlement Type	Financial
Position Limits	NYMEX Position Limits
Rulebook Chapter	831
Exchange Rule	These contracts are listed with, and subject to, the rules and regulations of NYMEX.

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