Contract | Parameters |
---|---|
Contract Symbol | DBRC |
Underlying | DGCX Brent Crude Oil Futures |
Contract Size | 1,000 barrels (42,000 gallons) |
Notional Contract Value | USD 1,000 X DGCX Brent Crude Oil Futures |
Trading Currency | USD |
Settlement Currency | USD |
Price Quote | US Dollars and Cents per barrel |
Tick Size | USD 0.01 per barrel (US$ 10 per tick) |
Tick Value | USD 10 |
Settlement Basis | Cash Only Settlement Contract |
Daily Settlement Price Basis | Daily Settlement Price shall be as per DGCX Notice no. COMP-2008-014 dated April 22, 2008 |
Final Cash Settlement Price | Cash settled against the settlement price for Brent Crude Oil as made public by ICE on the last trading day of the DGCX front month contract |
Last Day of Trading | 2nd Business Day prior to the last calendar day of the second month preceding the Trading Month, if such last day is a DGCX Business Day, and a banking day in the UK. (i.e the 2nd last Business Day of June will be the expiry for August) If the 2nd last Business Day is not a DGCX or UK banking day, then the preceding DGCX Business Day which is not a banking holiday in the UK shall be the Last Day of Trading |
Trading Days | Monday through to Friday |
Trading Hours | DGCX Trading Hours |
Trading Months | Twelve consecutive delivery months, from inception three months and two spread contracts (M1-M2 and M2-M3) will be launched. |
New Contract Listing | Business Day immediately following the last Day of Trading |
Max Order Size | 500 contracts |
EFP / EFS / Block Trades | As per DGCX By-Laws. Minimum Block size permitted is 200 contracts. |
Time Limit for EFP / EFS / Block Trade Registration | Up to 5 minutes after cessation of trading on any trading day |
Initial Margin based on SPAN | USD 3,500 per contract (Subject to change from time to time) |
Extra Margin | In times of high volatility, an extra margin as deemed fit by the DGCX may be imposed on all open positions |
Calendar Spread Margin | 100% benefit is offered on calendar spread positions |
Daily Price Movement limit | No Limits – Note 1* |