September 2005
Intermediate to advanced
272 pages
9h 8m
English
Content preview from Clearing and Settlement of Derivatives
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trading shall cease on the business day immediately preceding the
first business day prior to the 15th day.
These dates are published by the Exchange.
Delivery/settlement basis
The IPE Brent Crude futures contract is a deliverable contract
based on EFP delivery with an option to cash settle against the pub-
lished settlement price i.e. the IPE Brent Index price for the day fol-
lowing the last trading day of the futures contract. If the contract is
to be subject to the cash settlement procedure notice must be given
(in accordance with LCH procedures) up to one hour after cessation
of trading.
The IPE Brent Index
The Exchange issues, on a daily basis ...
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