Propane, Argus Sonatrach CP Future57250498

Description

A cash settled future equal to the price published by Argus International LPG for the location specified in Reference Price A.

Market Specifications

Trading Screen Product Name
Propane Argus Futures
Trading Screen Hub Name
Sonatrach CP
Commodity Code
AFS
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 prior to the contract month
Final Settlement
Average of Reference Price A prices
REFERENCE PRICE A
NGL-PROPANE (SONATRACH FOB BETHIOUA)-ARGUS INTERNATIONAL LPG
a) Ref Price A - Description
"NGL-PROPANE (SONATRACH FOB BETHIOUA)-ARGUS INTERNATIONAL LPG " 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 "International comparisons: Sonatrach fob Bethioua: Propane" in the issue of Argus International LPG that reports prices effective on that Pricing Date.
b) Ref Price A - Pricing Date
First business day of the contract month
c) Ref Price A - Specified Price
Price
d) Ref Price A - Pricing calendar
Argus International LPG
e) Ref Price A - Delivery Date
Contract month
Final Payment Date
Two Clearing House Business Days following the Last Trading Day
MIC Code
IFEU
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
Singapore8:50 AM - 7:00 AM*
08:50 - 07:00
8:40 AM
08:40

*Next Day

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

Codes

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