Overview
- NSE said it will list Dated Brent Crude Oil (Platts) futures in its commodity derivatives segment after receiving SEBI approval.
- The contract tracks Platts’ Dated Brent under the symbol BRCRUDEOIL to give refiners, importers and institutional traders a tool that mirrors global crude prices.
- Key terms include a trading unit of 100 barrels, a maximum position of 10,000 barrels, a 6% daily price limit, and a 15‑minute cooling‑off before any expansion to 9%.
- If global prices move beyond that band, NSE may widen limits in 3% steps after notice to keep local trading aligned with overseas markets.
- Final settlement will be cash based on the monthly average of Platts Dated Brent converted to rupees using the RBI’s monthly USD/INR rate, and NSE said detailed risk, clearing and settlement rules will follow from NSE Clearing Ltd with a launch calendar already listing monthly contracts through 2027.