Amendment to final settlement of the Brent Oil futures contract
Effective 26 September 2016, Moscow Exchange will amend specifications of the Brent oil futures contract to specify the final settlement procedure for "mirror" Brent oil contracts of Moscow Exchange and ICE Futures Europe which are both settled based on the ICE Brent Index.
By the new specifications, the last trade day of the MOEX Brent Oil Futures will be the final settlement date of the relevant Brent Crude Futures as published on the ICE Futures Europe"s website at www.theice.com. The relevant futures means the Brent Crude Futures traded on ICE whose last trade date is in the month immediately preceding the settlement month.
| Trading venue | Contract code | Settlement month and year | Last trade | Final settlement | |
|---|---|---|---|---|---|
| Brent Oil Futures | Moscow Exchange | BR-8.16 | August 2016 | 01 August 2016 | 01 August 2016 |
| Relevant Brent Crude Futures | ICE Futures Europe | B Sep16 | August 2016 | 29 July 2016 | 01 August 2016 |
Therefore, the settlement price of the MOEX Brent Oil Futures will be, at any time, equivalent to the settlement price of the ICE Brent Crude Futures.
The new specifications are available at https://fs.moex.com/files/5000.
For further information, please contact the Public Relations Department at (495) 363-3232.