Butane, Argus Saudi CP Mini Future

ICE Futures U.S.

A cash settled mini future equal to the price published by Argus International LPG for the location specified in Reference Price A.

Trading Screen Product Name: Butane Argus Futures
Trading Screen Hub Name: Saudi CP Mini
Contract Symbol: BUS
Settlement Method: Cash settlement
Contract Size: 100 metric tonnes
Currency: US Dollars and cents
Trading Price: One cent ($0.01) per metric tonne
Minimum Price Fluctuation: One tenth of one cent ($0.001) per metric tonne
Listing Cycle: Up to 72 consecutive monthly Contract Periods
Last Trading Day: Last Trading Day prior to the contract month
Final Settlement: Reference Price A
REFERENCE PRICE A: NGL-BUTANE (SAUDI ARAMCO)-ARGUS INTERNATIONAL LPG
a) Ref Price A - Description: "NGL-BUTANE (SAUDI ARAMCO)-ARGUS INTERNATIONAL LPG" means that the price for a Pricing Date will be that day's Specified Price per tonne of butane for delivery on the Delivery Date, stated in US Dollars, published under the heading "International comparisons: Saudi Aramco: Butane" in the issue of Argus International LPG that reports prices effective on that Pricing Date
b) Ref Price A - Pricing Date: First business day of the contract month
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

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