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     Brent Crude Oil is one of the world majorís benchmark and is the biggest of the many major classifications of crude oil consisting of Brent Crude, Brent Sweet Light Crude, Oseberg, Ekofisk, and Forties (BFOE). Brent Crude is sourced from the North Sea and is typically refined in Northwest Europe, but a major portion has been exported to the US Gulf and East Coasts, and also to parts of Mediterranean. Investing in Brent Crude Oil Futures will allow you to gain exposure to these benchmark. Brent Crude Oil Futures was launched on October 17th, 2011.

Summary of Brent Crude Oil Futures Contract Specification

  Heading      Contract Specification
  Underlying Asset Brent Crude Oil  
  Ticker Symbol BR  
  Contract Size 100 Barrels  
  Contract Months 3 consecutive months  
  Price Quotation Price will be quoted in Baht per 1 barrel  
  Minimum Price Fluctuations THB 1 (THB 100 per contract)  
  Price Limit Initial price limit is +10% from the latest settlement price. Should traded price reach the limit, trading will be halted for a certain period announced by TFEX. After trading resumes, the price +20% of the latest settlement price.  
  Trading Hours
Pre-open: 09:15 - 09:45 hrs.
Morning session: 09:45 - 12:30 hrs.
Pre-open: 13:45 - 14:15 hrs.
Afternoon session: 14:15 - 16:55 hrs
Pre-open: 19:15 - 19:30 hrs.
Night session: 19:30 - 22:30 hrs.
 
  Speculative Position Limit Exchange may announce the position limit as it deems appropriate.  
  Last Trading Day The last business day of the delivery or the settlement month, whereby the trading session on the last trading day of the contract then due shall end at 16:30 hrs.  
Final Settlement Price Using two decimal points and calculating from the ICE Brent Index publicized by Intercontinental Exchange based on the index value announced on the last trading day and the exchange rate of THB/USD announced by TFEX.  
  Settlement Method Cash Settlement  
  Exchange Fee THB 15 plus the licensing fee per contract per side

 
  Brokerage Commission Freely negotiable  
 
       
 
  Remark :
     The above description is a summary of the contract specification. Please refer to the procedures of listing of Derivatives Contracts for the official contract specification.
 
     
 
     
  Quote Vendor Codes  
 
Oil Futures Price    
Bloomberg Thomson Reuters Six Telekurs
    BROA<COMDTY>     BROmy
    0#BRO:
    .BROTVO.FX
   BRmyy, 825
    M=month  Y=year   
Thai Baht Spot Fixing (AM)  
Thomson Reuters         
   <TFEXTHBFIX>   
 
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