• About the DME
• Membership
• Trading on the DME
• DME Oman Crude Oil Futures Contract (OQD)
• DME Oman Crude Oil Financial Contract (ZGD)
• Information Technology
• Legal, Counterparty Risk, Clearing & Settlement

Q. What is the DME Oman Crude Oil Financial Contract size?
A.  The contract size is 1,000 barrels.

Q. What are the contract trading months?
A. The current year and the next five years. A new calendar year will be added following the termination of trading in the December contract of the current year.

Q. How is the final settlement price calculated for the DME Oman Crude Oil Financial contract?
A. A daily Oman OSP settlement price is published by the DME for the DME Oman Crude Oil Futures Contract (OQD) at 1630 Singapore time (1230 in Dubai, 0330 or 0430 U.S. Eastern Standard Time (EST), and this same settlement price is used to settle the DME Oman Crude Oil Financial Contract on the final trading day.  Trading in the front month ends on the trading day immediately preceding the last trading day in the front month of the DME Oman Crude Oil Futures Contract for the corresponding delivery month. For example, in January 2009 when the front month was March 2009, the final trading day for OQD was Friday January 30^th 2009, and the final trading day for ZGD was Thursday January 29^th 2009.

Q. What are the Price Fluctuation Limits and Price Limits for the DME Brent financially settled futures Contract?
A. The minimum price fluctuation is 1 cent ($0.01) per Barrel. There is no maximum price fluctuation.

Last Updated: 01/02/2009