Ethane, OPIS Mt. Belvieu Other Non-TET Future65898828

Description

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

Market Specifications

Trading Screen Product Name
Ethane OPIS Futures
Trading Screen Hub Name
MT.B-TAR
Contract Symbol
ETD
Contract Size
1,000 barrels (42,000 gallons)
Unit of Trading
Any multiple of 1,000 barrels (42,000 gallons)
Currency
US Dollars and cents
Settlement Price Quotation
One thousandth of one cent ($0.00001) per gallon;
Trading Price Quotation
One thousandth of one cent ($0.00001) per gallon;
Last Trading Day
Last Trading Day of the contract month
Final Settlement
Average of Reference Price A prices
REFERENCE PRICE A
NGL-MONT BELVIEU Purity Ethane (Other Non-TET)-OPIS
a) Ref Price A - Description
"NGL-MONT BELVIEU Purity Ethane (Other Non-TET)-OPIS" means that the price for a Pricing Date will be that day's Specified Price per gallon of ethane for delivery on the Delivery Date, stated in U.S. cents, published under the heading "Mont Belvieu Spot Gas Liquids Prices: Other Non-TET Purity Ethane: Any Current Month" in the issue of OPIS North America LPG Report 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 month
Final Payment Date
Two Clearing House Business Days following the Last Trading Day
Contract Series
Up to 72 consecutive monthly Contract Periods
Minimum Price Fluctuation
One thousandth of one cent ($0.00001) per gallon;

The conversion factor for this contract is 42 gallons = 1 barrel.
Business Days
Publication days for OPIS
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
ETD
Logical
ETD
GMI(FC)
R&N A.C.N.