- Trading Screen Product Name
- Normal Butane OPIS Futures
- Trading Screen Hub Name
- ETR ISOM
- Contract Symbol
BUE
- Settlement Method
Cash settlement
- Contract Size
1,000 barrels
- Currency
US Dollars and cents
- Minimum Price Fluctuation
The price quotation convention shall be One thousandth of a cent
($0.00001) per gallon; minimum price fluctuation may vary by trade
type. Please see Table in Resolution 1 to this Chapter 18.
- 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-TET Isom N. Butane-OPIS
- a) Ref Price A - Description
“NGL-TET Isom N. Butane-OPIS " means that the price for a
Pricing Date will be that day's Specified Price per gallon of
butane for delivery on the Delivery Date, stated in U.S. cents,
published under the heading "OPIS Mont Belvieu Spot Gas Liquids
Prices: TET Isom N. Butane: 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
- MIC Code
- IFED
- Clearing Venues
- ICEU