| Items |
Specifications |
| Exchange |
IPE |
| Underlying Stock Index |
IPE Brent Crude |
| Contract Size |
1,000 barrels |
| Minimum Price Fluctuation |
One cent per barrel, equivalent to a tick value of USD10.00 |
| Contract Month |
Thirty consecutive months then half yearly out to a maximum of seven years. |
| Daily Price Limits |
There are no limits |
| Trading Hrs |
Singapore Time:
8pm - 5am, Mon - Sat (Summer Time)
9pm - 6am, Mon - Sat (Winter Time) |
| Trading Hours on Last Trading Day |
N.A |
| Last Trading Day |
The close of business on the business day immediately preceding the 15th day prior to the first day of the delivery month, if such 15th day is a banking day in London. If the 15th day is a non-banking day in London (including Saturday), trading shall cease on the business day immediately preceding the first business day prior to the 15 day. |
| Final Settlement |
The IPE Brent Crude futures contract is a deliverable contract based on EFP delivery with an option to cash settles against the published settlement price i.e. the IPE Brent Index price for the day following the last trading day of the futures contract. |
| Close |
