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Description

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

Market Specifications

Trading Screen Product Name

Propane OPIS Futures (balmo)

Trading Screen Hub Name

MT.B-TAR

Contract Symbol

PBP

Settlement Method

Cash settlement

Contract Size

1,000 barrels

Currency

USD

Minimum Price Fluctuation

One thousandth of one cent ($0.00001) per gallon.

The conversion factor for this contract is 42 gallons = 1 barrel

Listing Cycle

Up to 2 months of balance-of-month Contract Periods

Last Trading Day

The last Business Day of the Contract Period

Final Settlement

Average of Reference Price A prices

REFERENCE PRICE A

NGL-MONT BELVIEU PROPANE (Other NON-TET)-OPIS

a) Ref Price A - Description

"NGL-MONT BELVIEU PROPANE (Other NON-TET)-OPIS" means that the price for a Pricing Date will be that day's Specified Price per gallon of propane for delivery on the Delivery Date, stated in US cents, published under the heading "Mont Belvieu Spot Gas Liquids Prices: Other Non-TET Propane: 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

Average

d) Ref Price A - Pricing calendar

OPIS

e) Ref Price A - Delivery Date

Contract Period

Final Payment Date

Two Clearing House Business Days following the Last Trading Day

MIC Code

IFED

Clearing Venues

ICEU

Related Products

• Propane, OPIS Mt. Belvieu Other Non-TET Future

Trading Hours

Codes