- Trading Screen Product Name
- Propane OPIS Futures
- Trading Screen Hub Name
- MT.B-TAR
- Contract Symbol
PBO
- Settlement Method
Cash settlement
- Contract Size
1,000 barrels
- Currency
US Dollars and cents
- Minimum Price Fluctuation
One thousandth of one cent ($0.00001) per gallon.
The conversion factor for this contract is 42 gallons = 1 barrel.
- Listing Cycle
Up to 72 consecutive monthly Contract Periods
- Last Trading Day
The last Business Day of the Contract Period
- Final Settlement
Average of Reference Price A prices
- REFERENCE PRICE A
NGL-MONT BELVIEU PROPANE (Other NON-TET)-OPIS
- a) Ref Price A - Description
"NGL-MONT BELVIEU PROPANE (Other NON-TET)-OPIS" means that the
price for a Pricing Date will be that day's Specified Price per
gallon of propane for delivery on the Delivery Date, stated in U.S.
cents, published under the heading "Mont Belvieu Spot Gas Liquids
Prices: Other Non-TET Propane: Any Current Month" in the issue of
OPIS 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
Average
- d) Ref Price A - Pricing calendar
OPIS
- e) Ref Price A - Delivery Date
Contract Period
- Final Payment Date
The second Clearing Organization business day following the Last Trading Day
- MIC Code
- IFED
- Clearing Venues
- ICEU