Contract Name
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Daily Brent Crude Oil Option
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Commodity Code
|
ODB
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Rule Chapter
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870
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Option Type
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European style; financially settled
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Underlying Futures
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Brent Crude Oil Penultimate Financial futures.
The Floating Price is equal to the Brent Crude Oil (ICE) Futures 1st nearby contract settlement price on the penultimate trading day for the delivery month.
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Contract Unit
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A Daily Brent Crude Oil Put Option contract traded on the Exchange represents the cash difference between the exercise price and the settlement price of the first nearby Brent Crude Oil Penultimate Financial futures contract multiplied by 1,000, or zero, whichever is greater. A Daily Crude Oil Call Option contract traded on the Exchange represents the cash difference between the settlement price of the first nearby Brent Crude Oil Penultimate Financial futures contract and the exercise price multiplied by 1,000, or zero, whichever is greater.
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Expiration
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The contract expires at the close of the business day on which it is listed.
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Minimum Tick Size
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$0.01 per barrel
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Strike Interval
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$0.01 per barrel
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First Listed Contract
|
August 13, 2012
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Listing Convention
|
Trading in Daily Brent Crude Oil option contract shall be conducted on each business day. A new contract day shall list upon the expiration of the current contract day.
No contract day is listed on the expiration date of the Brent Look-Alike Crude Oil Option (BE) contract.
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Exchange Fees
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Member Day
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Member
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Cross Division
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Non-Member
|
IIP
|
||
Pit
|
$0.45
|
$0.70
|
$0.95
|
$1.45
|
||
Globex
|
NA
|
NA
|
NA
|
NA
|
NA
|
|
ClearPort
|
$1.75
|
$2.50
|
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Processing Fees
|
||||||
Member
|
Non-Member
|
|||||
Cash Settlement
|
$0.90
|
$1.15
|
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Futures from E/A
|
NA
|
NA
|
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House Acct
|
Cust Acct
|
|||||
Options E/A Notice
|
NA
|
NA
|
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Delivery Notice
|
NA
|
NA
|
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|
|
|||||
Additional Fees and Surcharges
|
||||||
EFS Surcharge
|
NA
|
|||||
Block Surcharge
|
NA
|
|||||
Facilitation Desk Fee
|
$0.20
|