- Trading Screen Product Name
- Propane OPIS/Argus Diff Futures
- Trading Screen Hub Name
- MT.B-ETR/CIF ARA
- Contract Symbol
CEK
- 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 72 consecutive monthly Contract Periods
- Last Trading Day
Last Trading Day of the contract month
- Final Settlement
The average of the Reference Price A prices minus the average of
the Reference Price B prices. Non-common pricing applies.
- REFERENCE PRICE A
NGL-MONT BELVIEU PROPANE (TET)-OPIS
- a) Ref Price A - Description
"NGL-MONT BELVIEU PROPANE (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:
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
Price
- d) Ref Price A - Pricing calendar
OPIS
- e) Ref Price A - Delivery Date
Contract month
- REFERENCE PRICE B
NGL-PROPANE (EUROPE: CIF ARA LARGE CARGOES)-ARGUS INTERNATIONAL LPG
- a) Description
"NGL-PROPANE (EUROPE: CIF ARA LARGE CARGOES)-ARGUS INTERNATIONAL
LPG" means that the price for a Pricing Date will be that day's
Specified Price per tonne of propane for delivery on the Delivery
Date, stated in US Dollars, published under the heading "Northwest
Europe and Mediterranean: cif ARA (large cargoes): Propane" in the
issue of Argus International LPG that reports prices effective on
that Pricing Date.
- b) Pricing Date
Each day that prices are reported for the Delivery Date
- c) Specified Price
Price
- d) Pricing Calendar
Argus International LPG
- e) Delivery Date
Contract month
- Final Payment Date
Two Clearing House Business Days following the Last Trading Day
- MIC Code
- IFED
- Clearing Venues
- ICEU