BRENT CRUDE OIL CALENDAR SPREAD QUARTERLY STRIP OPTION - CONTRACT SPECS

Options
Contract Unit 1,000 barrels
Clears in multiples of the number of contract months in the strip
Minimum Price Fluctuation 0.01 per barrel x 3-month strip = $30.00
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. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
CME ClearPort: Sunday 5:00 p.m. - Friday 4:00 p.m. CT with no reporting Monday - Thursday 4:00 p.m. – 5:00 p.m. CT
Product Code CME Globex: BQP
CME ClearPort: BQP
Clearing: BQP
Listed Contracts Quarterly contracts (Jan, Apr, Jul, Oct) listed for 4 consecutive quarters
Termination Of Trading Trading terminates 1 business day prior to the first contract month of the underlying strip.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 827
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures Strike Price Listing and Exercise Procedures Table
Exercise Style European
Exercise Procedure Exercises into a quarterly strip of CY futures
Settlement Method Deliverable
Underlying Brent Financial Futures