Glossary entry (derived from question below)
English term or phrase:
brent dated
Bulgarian translation:
брент датиран
English term
brent dated
the sentence is kirkuk crude ex- .... = brent dated less ... us doll/bbl. The question is what is brent dated price? The quotation is from a contract for the sale of oil.
4 +1 | брент датиран | 4leavedClover |
5 | брент с фиксирана дата за доставка / датиран брент | Andrei Vrabtchev |
Jun 29, 2010 07:24: 4leavedClover Created KOG entry
Non-PRO (1): Andrei Vrabtchev
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Proposed translations
брент датиран
ЦЕНИ НА ПЕТРОЛ "БРЕНТ" В ЕВРОПА (цените са в долари за барел)
ПРОДУКТ ДОСТАВКА КУПУВА ПРОДАВА ВИД ДОСТАВКА
Брент ---- Датиран ---22,67--- 22,69 ------FOB
брент с фиксирана дата за доставка / датиран брент
The Spot Market: Dated Brent
• 21 days before delivery of a cargo a “Daisy chain” of notices (to buyers
of 21-day-forwards for the adequate delivery month) might be initiated.
• A holder of a contract who received notice at the last possible moment
before the expiration period at 5 p.m. and was unable to require another
purchaser to take delivery was said to have been “five o’clocked”.
• After that a cargo is “Dated Brent”.
• It is used as the benchmark price for spot transactions.
• However, price indications for that (e.g. Reuters) are almost never drawn
from the actual market but from a slowly varying spread between the IPE
future and that market.
http://www.mathematik.uni-ulm.de/finmath/confpage/papers/les...
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