- Trading Screen Product Name
- Naphtha Futures (bbl)
- Trading Screen Hub Name
- Naphtha CIF NWE Cg (Platts)
- Contract Symbol
NBA
- Contract Size
1,000 barrels
- Unit of Trading
Any multiple of 1,000 barrels
- Currency
US Dollars and cents
- Trading Price Quotation
One cent ($0.01) per barrel
- Settlement Price Quotation
One tenth of one cent ($0.001) per barrel
- Minimum Price Fluctuation
One tenth of one cent ($0.001) per barrel
- Last Trading Day
Last Trading Day of the contract month
- Floating Price
In respect of daily settlement, the Floating Price will be
determined by ICE using price data from a number of sources
including spot, forward and derivative markets for both physical
and financial products.
- Final Settlement
In respect of final settlement, the Floating Price will be a price
in USD and cents per barrel based on the average of the
“Mid” quotations appearing in the “Platts
European Marketscan” under the heading “Northwest
European cargoes” subheading “CIF NWE/Basis ARA”
for “Naphtha” for each business day (as specified
below) in the determination period.
conversion factor: 1 metric tonne = 8.90 barrels
- Contract Series
Up to 48 consecutive months
- Final Payment Date
Two Clearing House Business Days following the Last Trading Day
- Business Days
Publication days for Platts European Marketscan
- MIC Code
- IFEU
- Clearing Venues
- ICEU