- Trading Screen Product Name
- Propane Argus Futures
- Trading Screen Hub Name
- Daily Far East Mini
- Contract Symbol
AFD
- Contract Size
100 metric tonnes
- Unit of Trading
Any multiple of 100 metric tonnes
- Currency
US Dollars and cents
- Trading Price Quotation
One cent ($0.01) per metric tonne
- Settlement Price Quotation
One tenth of one cent ($0.001) per metric tonne
- Minimum Price Fluctuation
One tenth of one cent ($0.001) per metric tonne
- Last Trading Day
Second Business Day after the nominal contract date
- Floating Price
In respect of daily settlement, the Floating Price for daily
settlement 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 per Metric Tonne based on the average of the relevant high
and low quotations appearing in the 'Argus International LPG
Report' under the heading Asia-Pacific for Propane Argus Far East
Index
- Contract Series
Up to 130 consecutive days
- Final Payment Date
Two Clearing House Business Days following the Last Trading Day
- Business Days
Publication days for Argus International LPG Report
- MIC Code
- IFED
- Clearing Venues
- ICEU