WTI LIGHT SWEET AND BRENT CRUDE OIL FUTURES

* DGCX offers futures contracts on the world¡¯s two leading energy benchmarks: Brent and West Texas Intermediate Light Sweet crude oil. Both contracts are cash settled and thus involve no delivery risk. They are available for trading to regional and international market participants.

The DWTI contract is sized at 1,000 barrels, with the contract price quoted in U.S. dollars and cents per barrel. The minimum price fluctuation will be one cent per barrel, equivalent to a tick value of $10.00.

The DBRC contract is sized at 1,000 barrels, with the contract price quoted in U.S. dollars and cents per barrel. The minimum price fluctuation will be one cent per barrel, equivalent to a tick value of $10.00.

Light, sweet crudes are preferred by refiners because of their low sulfur content and relatively high yields of high-value products such as gasoline, diesel fuel, heating oil, and jet fuel. Crude oil is one of the world¡¯s most widely used commodities and is amongst the most liquid futures contract. Crude oil refers to petroleum in its raw form and it becomes useful after refining, which produces numerous oil-based component products, including petroleum gas, diesel, lubricants, heating oil, lubricating oils, aviation gasoline and asphalt among others. WTI, also known as Texas Light Sweet is a type of light crude, lighter and sweeter than Brent Crude. Its properties and production site makes it ideal for being refined in the United States, mostly in the Midwest and Gulf Coast regions. Brent crude oil is named after the Brent oil field in the North Sea, off the coast of Britain.

WTI LIGHT SWEET CRUDE OIL FUTURES CONTRACT SPECIFICATION
Trading
Symbol DWTI
Underlying Asset DGCX West Texas Intermediate Light Sweet Crude Oil Futures
Contract Size 1,000 barrels (42,000 gallons)
Price Quote US Dollars and Cents per barrel
Tick Size US$ 0.01 per barrel (US$ 10 per tick)
Daily Price Movement Limit No Limit - Note 1*
Price Basis Cash Only Settlement Contract
Final Cash Settlement Price The front month settlement price for WTI Crude Oil futures as made public by NYMEX for the Last Day of Trading of the DGCX front month contract
Delivery Months Twelve consecutive months plus ten contract months consisting of June and December months will be listed for an additional five calendar years
Trading Day Monday through to Friday
Trading Hours 08:30 - 23:30 Hours Dubai time (GMT+4)
Last Day of Trading Last Day of Trading shall be the fourth US business day prior to the 25th calendar day of the month that precedes the Delivery Month. If the 25th calendar day is not a US business day; Last Day of Trading shall be the fourth US business day prior to the US business day that precedes the 25th calendar day. If the fourth US business day is not a DGCX Business Day, then the preceding DGCX Business Day shall be the Last Day
of Trading
Cash Settlement Day The Business Day folloing the last day of trading
New Contract Listing Business day immediately following the last trading day
EFP / EFS / Block Trades As per DGCX By-Laws. Minimum Blcok size permitted is 200 contracts.
Time Limit for EFP / EFS /
Block Trade Registration
Up to 15 minutes after cessation of trading on any trading day
Max Open Position Limit No Limits
Max Order Size 500 Contracts
Margins
Initial Margin US$ 5,700 per contract (subject to change)
Calendar Spread Margin 100% benefit is offered on calendar spread positions.
Extra Margin At times of high volatility, an extra margin, as deemed fit by the Exchange, may be charged.


BRENT CRUDE OIL FUTURES CONTRACT SPECIFICATION
Trading
Symbol DBRC
Underlying Asset DGCX Brent Crude Oil Futures
Contract Size 1,000 barrels (42,000 gallons)
Price Quote US Dollars and Cents per barrel
Minimum Tick Size US$ 0.01 per barrel (US$ 10 per tick)
Daily Price Movement Limit No Limit - Note 1*
Price Basis Cash Only Settlement Contract
Final Cash Settlement Price The front month settlement price for Brent Crude Oil futures as made public by ICE for the last day of trading of the DGCX front month contract
Delivery Months 12 consecutive months plus 10 contract months consisting of June and December months will be listed for an additional five calendar years
Trading Day Monday through to Friday
Trading Hours 08:30 - 23:30 Hours Dubai time (GMT+4)
Last Day of Trading Last Day of Trading shall be the second UK business day immediately preceding the 15th day prior to the first day of the Delivery Month; if such 15th day is a banking day in London. If the 15th day is a non-banking day in London (including Saturday), trading shall cease on the second UK business day immediately preceding the first UK business day that precedes the 15th day. If the second UK business day is not a DGCX Business Day, then the preceding DGCX Business Day shall be the Last Day of Trading
Cash Settlement Day The Business Day folloing the last day of trading
New Contract Listing Business day immediately following the last trading day
EFP / EFS / Block Trades As per DGCX By-Laws. Minimum Block size permitted is 200 contracts
Time Limit for EFP / EFS /
Block Trade Registration
Up to 15 minutes after cessation of trading on any trading day
Max Open Position Limit No Limits
Max Order Size 500 Contracts
Margins
Initial Margins US$ 5,200 per contract (subject to change)
Calendar Spread Margin 100% benefit is offered on calendar spread positions.
Extra Margin At times of high volatility, an extra margin, as deemed fit by the Exchange, may be charged.

Note 1*:There will be no limits on intra-day price movements, however to restrict data-entry errors the system will not allow entry of orders having prices higher or lower than US$ 3 as compared to the Previous Close Price. Exchange shall relax the intra-day price range for the prices of the contract approaching the US$ 3 limit.

FUEL OIL FUTURES

* The Arabian Gulf has tremendous liquidity in fuel oil in terms of both freely traded import/export volumes and bunkers traded in Fujairah, the world¡¯s second largest bunker market (12 million tonnes per annum). The volumes traded in the Gulf markets are forecast to continue growing substantially over the next decade.

FUJAIRAH FUEL OIL FUTURES CONTRACT SPECIFICATION
Trading
Symbol DFO
Contract Size 100 Tonnes
Quality Specification High Sulphur Fuel Oil 380CST (4.5% Sulphur)
Trading Months Six consecutive months
Last Trading Day Last business day of the month preceding the delivery month
New Contract Listing Business day immediately following the last trading day
Price Quote US$ per Tonnes, Ex-Wharf Fujairah
Tick Size US$ 0.01 per Tonnes (US$ 1 per contract)
Daily Price Limit $25 per Tonne
Maximum Open Position Limit As specified by the Exchange
Maximum Open Position Limit for Near Month Contract 20,000 Metric Tonnes applicable during the last four trading days of the Contract Month
Trading Days Monday through to Friday
Trading Hours 08:30 - 19:00 Hours Dubai time (GMT+4) (except on the last trading day of every month where 08:30 - 17:00 hrs)
Trading Hours on Last Trading Day of every month 08:30 - 17:00 hrs (applicable to all contract months)
Wholesale Trades EFS, EFP, Block trade facilities available
Margins
Initial Margin US$ 2,000 per contract (subject to change)
Near Month Contract Margin As determined by the Exchange and applicable during the last 10 trading days across all open positions. Minimum Near Month Contract Margin shall be US$ 7500
Calendar Spread Margin US$ 240 benefit is offered on calendar spread positions.
Extra Margin At times of high volatility, an extra margin, as deemed fit by the Exchange, may be charged.
Delivery Period Margin Five times the initial margin
Delivery related information
Delivery Unit 100 Tonnes
Delivery Tolerance +/-5 percent of the contract delivery unit
Deliverable Quality High Sulphur Fuel Oil 380CST (4.5% Sulphur)
Delivery location Exchange-approved facilities in Fujairah
Approved CMI / Assayers Names as listed on the DGCX website
Approved Storage facilities VOPAK HORIZON, FRCL, DMCC-leased tanks
Provisional Settlement Value The amount invoiced to the buyer prior to the determination of the actual weight delivered, and based on an assumed weight of 100 Tonnes
Settlement Value The amount paid to the Seller based upon the actual delivered weight. The difference between the provisional settlement value and settlement value is reimbursed or collected to or from the buyer as the case may be on the business day following the delivery day
Loading Day The day on which Buyer initiates loading of product into his nominated vessel or tank
Delivery Day The day on which transfer of title to the product from the Seller to the Buyer completes
Delivery Period Seller: Shall have the product ready for delivery (that is, in deliverable position) not later than 12th business day of the delivery month
Buyer: acceptance of delivery must be subsequent to the Seller having the product ready for delivery.
Buyer shall nominate a delivery period of three calendar days that commences no earlier than the fifth business day of the delivery month and finishes no later than the earlier of (i) 14 calendar days after product placement by the Seller, and (ii) the third last business day of the delivery month.
Notice Day Last Trading Day
Delivery Allocation Day Last Trading Day
Title Transfer By In-Tank Transfer (ITT) in DMCC-leased tanks, and Inter-Tank Transfer or Ex-Wharf in case of other Exchange-approved tanks
Minimum number of contracts for Ex-Wharf delivery 30 contracts (3000 Tonnes)

* The Arabian Gulf has tremendous liquidity in fuel oil in terms of both freely traded import/export volumes and bunkers traded in Fujairah, the world¡¯s second largest bunker market (12 million tonnes per annum). The volumes traded in the Gulf markets are forecast to continue growing substantially over the next decade.