NGL Basket OPIS Mt. Belvieu Non-TET Futures62666435

Description

A monthly cash settled future based upon the barrel components average of the daily prices published by OPIS for the locations specified in Reference Price A.

Market Specifications

Trading Screen Product Name
NGL Basket OPIS Futures
Trading Screen Hub Name
MT.B-ENT
Commodity Code
NGB
Settlement Method
Cash settlement
Contract Size
1,000 barrels
Currency
US Dollars and cents
Minimum Price Fluctuation
One tenth of one cent ($0.001) per barrel The conversion factor for this contract is 42 gallons = 1 barrel
Listing Cycle
Up to 72 consecutive monthly Contract Periods
Last Trading Day
Last Trading Day of the contract month
Final Settlement
Average of Reference Price A prices
REFERENCE PRICE A
NGL-MONT BELVIEU N. GASOLINE (TET)-OPIS
a) Ref Price A - Description
"42% NGL-MONT BELVIEU Ethane (NON-TET )-OPIS; 28% NGL-MONT BELVIEU Propane (NON-TET)-OPIS; 11% NGL-MONT BELVIEU Normal Butane (NON-TET)-OPIS; 6% NGL MONT BELVIEU Isobutane (NON-TET)-OPIS; 13% MONT BELVIEU Natural Gasoline (NON-TET)-OPIS” means that the price for a Pricing Date will be that day's Specified Price per gallon of each listed component multiplied by the percentage of the barrel for delivery on the Delivery Date, stated in US cents, published under the heading "Mont Belvieu Spot Gas Liquids Prices: Non-TET Ethane/Propane/Normal Butane/Isobutane/Natural Gasoline: 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
Price
d) Ref Price A - Pricing calendar
OPIS
e) Ref Price A - Delivery Date
Contract month
Final Payment Date
Two Clearing House Business Days following the Last Trading Day
Trading Price Quotation
One cent ($0.01) per barrel
Settlement Price Quotation
One tenth of one cent ($0.001) per barrel
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
NGB
Logical
NGB
GMI(FC)
R&N A.C.N.