- 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
- IFED
- Clearing Venues
- ICEU