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Quantitative Finance · शब्दावली

Dated Brent, forward Brent, Brent CFD क्या है?

अन्य नाम: Dated Brent · forward Brent · Brent CFD

Definition 2.4 Markets III: Commodities, Energy and Crypto · अध्याय 2 — Crude Oil

Dated Brent is the price-reporting agency’s daily assessment of physical North Sea cargoes with loading dates already fixed in the coming weeks, set by the most competitive of a basket of grades after quality adjustments. Forward Brent is the market in forward contracts for a cargo of one of the basket grades loading in a named future month, whose grade and loading dates the seller nominates later. A Brent CFD is a short-dated swap that exchanges the average of Dated Brent over one week for a fixed price agreed against forward Brent.

The Brent complex. The CFDs price the difference between the physical cargo of the coming weeks and the forward month; an exchange for physical turns a futures position into a forward cargo. Schematic.
Figure 2.1. The Brent complex. The CFDs price the difference between the physical cargo of the coming weeks and the forward month; an exchange for physical turns a futures position into a forward cargo. Schematic.
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