***Last update 08/05/2020***
Erste Group Bank AG is rolling over the future contracts – which serve as underlying for oil certificates (WTI, BRENT CRUDE) – generally three to ten business days before expiration from the most current contract to the following most current futures contract.
In the currently prevailing market situation we reserve the right to execute the roll-over even earlier within the parameters of the terms and conditions of the certificates. This way it is attempted to prevent distortions around the expiration day.
WARNING: In the current market situation with the potential probability of negative prices for the futures there is a possibility of a total loss of invested capital.
Current roll-over dates:
- WTI: the roll-over into the July future was done on 07/05/2020.
- BRENT CRUDE: the roll-over into the July future was done on 27/04/2020.
- WTI: the roll-over into the June future was done on 16/04/2020.
- BRENT CRUDE: the roll-over into the June future was done on 26/03/2020.
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