- Trading Screen Product Name
- Natgaso OPIS/Naphtha Diff Futures
- Trading Screen Hub Name
- MT.B-ENT/Naphtha CIF NWE Cg (Platts)
- Contract Symbol
GCY
- Contract Size
1,000 barrels (42,000 gallons)
- Unit of Trading
Any multiple of 1,000 barrels
- Currency
US Dollars and cents
- Trading Price Quotation
One hundredth of one cent (¢0.01) per gallon
- Settlement Price Quotation
One thousandth of one cent (¢0.001) per gallon
- Minimum Price Fluctuation
One thousandth of one cent (¢0.001) per gallon
- 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 gallon based on the difference between the
average of the “Avg” quotations appearing in the
“OPIS North America LPG Report” under the heading
“OPIS Mont Belvieu Spot Gas Liquids Prices (cts/gal)”
subheading “Any Current Month” for “Non-TET N.
Gasoline” and the average of the “Mid” quotations
appearing in the “Platts European Marketscan” under the
heading “Northwest Europe cargoes” subheading
“CIF NWE/Basis ARA” for “Naphtha” for each
business day (as specified below) in the determination period.
Non-Common Pricing applies.
conversion factor: 1 metric tonne = 373.8 gallons (for Naphtha)
- 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 OPIS North America LPG Report and Platts
European Marketscan
- MIC Code
- IFED
- Clearing Venues
- ICEU