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Description

A balance of month cash settled future based upon the average of the daily prices published by Argus International LPG for the location specified in Reference Price A.

Market Specifications

Trading Screen Product Name

Butane Argus Futures (balmo)

Trading Screen Hub Name

Far East

Contract Symbol

BUR

Settlement Method

Cash settlement

Contract Size

1,000 metric tonnes

Currency

US Dollars and cents

Minimum Price Fluctuation

One tenth of one cent ($0.001) per metric tonne

Listing Cycle

Up to 2 months of balance-of-month contract months

Last Trading Day

Last Trading Day of the contract month

Final Settlement

Average of Reference Price A prices

REFERENCE PRICE A

NGL-BUTANE (FAR EAST INDEX)-ARGUS INTERNATIONAL LPG

a) Ref Price A - Description

"NGL-BUTANE (FAR EAST INDEX)-ARGUS INTERNATIONAL LPG" means that the price for a Pricing Date will be that day's Specified Price per tonne of butane, stated in US Dollars, published under the heading "Asia-Pacific: Argus Far East Index™ (AFEI™): Butane" in the issue of Argus International LPG 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

Argus International LPG

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

Related Products

• Butane, Argus Far East Index (AFEI) Future
• Butane, Argus Far East Index (AFEI) Mini Future

Trading Hours

Codes