Pricing Unit: The contract price is in US dollars and cents per barrel
Tick Size (minimum fluctuation): One cent per barrel, equivalent to a tick value of $10
Contract Months (Symbols): All Months
Trading Hours (ICE, electronic): 7:00 PM to 5:00 PM the next day Monday thru Friday. Opens at 5:00 PM on Sunday
Daily Price Limit: None
Settlement Procedure: The weighted average price of trades during a three minute settlement period from 19:27:00, London time.
Last Trade Day: Trading shall cease at the end of the designated settlement period on the Business Day (a trading day which is not a public holiday in England and Wales) immediately preceding:
(i) Either the 15th day before the first day of the contract month, if such 15th day is a Business Day
(ii) If such 15th day is not a Business Day the next preceding Business Day.
Last Notice Day: The ICE Brent Crude futures contract is a deliverable contract based on EFP delivery with an option to cash settle, i.e the ICE Brent Index price for the day following the last trading day of the futures contract.
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