Propane, OPIS CIF ARA ToT Cargoes Future20748111

Description

A monthly cash settled future based upon the average of the daily prices published by OPIS for the location specified in Reference Price A.

Market Specifications

Trading Screen Product Name
Propane OPIS Futures
Trading Screen Hub Name
CIF ARA ToT Cg
Commodity Code
TOT
Settlement Method
Cash settlement
Contract Size
1,000 metric tonnes
Currency
US Dollars and cents
Minimum Price Fluctuation
One tenth of one cent ($0.001) per metric tonne
Listing Cycle
Up to 72 consecutive monthly contract months
Last Trading Day
Last Trading Day of the contract month
Final Settlement
Average of Reference Price A prices
REFERENCE PRICE A
Propane cif ARA (ToT Cargoes)
a) Ref Price A - Description
"Propane cif ARA (ToT Cargoes)" means that the price for a Pricing Date will be that day's Specified Price per tonne of propane for delivery on the Delivery Date, stated in US Dollars, published under the heading "OPIS LPG Settle Prices ($/mt)", subheading "Propane cif ARA (ToT Cargoes)" in the issue of OPIS Europe LPG Report that reports prices effective on that Pricing Date
b) Ref Price A - Pricing Date
Each day that prices are reported for the Delivery Date
c) Ref Price A - Specified Price
Price
d) Ref Price A - Pricing calendar
OPIS
e) Ref Price A - Delivery Date
Contract month
Final Payment Date
Two Clearing House Business Days following the Last Trading Day
MIC Code
IFED
Clearing Venues
ICEU
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Trading Hours

CityTradingPre-Open
New York7:50 PM - 6:00 PM*
19:50 - 18:00
7:40 PM
19:40
London12:50 AM - 11:00 PM*
00:50 - 23:00
12:40 AM
00:40
Singapore7:50 AM - 6:00 AM*
07:50 - 06:00
7:40 AM
07:40

*Next Day

Sunday Pre-Open 5:40 PM ET; Closed on Saturday

Codes

Clearing Admin Name
NGL Master
Physical
TOT
Logical
TOT
GMI(FC)
R&N A.C.N.