ICE Futures U.S.

Butane, Argus Saudi CP Mini Future

Butane, Argus Saudi CP Mini Future57250500

Description

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

Market Specifications

Trading Screen Product Name
Butane Argus Futures
Trading Screen Hub Name
Saudi CP Mini
Commodity Code
BUS
Settlement Method
Cash settlement
Contract Size
100 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 Periods
Last Trading Day
Last Trading Day prior to the contract month
Final Settlement
Average of Reference Price A prices
REFERENCE PRICE A
NGL-BUTANE (SAUDI ARAMCO)-ARGUS INTERNATIONAL LPG
a) Ref Price A - Description
"NGL-BUTANE (SAUDI ARAMCO)-ARGUS INTERNATIONAL LPG" means that the price for a Pricing Date will be that day's Specified Price per tonne of butane for delivery on the Delivery Date, stated in US Dollars, published under the heading "International comparisons: Saudi Aramco: Butane" 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
IFED
Clearing Venues
ICEU

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

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

Codes

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