NGL Basket, OPIS Mt. Belvieu Non-TET Future62666435
ICE Futures U.S.
NGL Basket, OPIS Mt. Belvieu Non-TET Future
Description
A monthly cash settled future based upon the barrel components average of the daily prices published by OPIS for the locations specified in Reference Price A.
Market Specifications
- Trading Screen Product Name
- NGL Basket OPIS Futures
- Trading Screen Hub Name
- MT.B-ENT
- Contract Symbol
- NGB
- Settlement Method
- Cash settlement
- Contract Size
- 1,000 barrels
- Currency
- US Dollars and cents
- Minimum Price Fluctuation
- One tenth of one cent ($0.001) per barrel The conversion factor for this contract is 42 gallons = 1 barrel
- 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-MONT BELVIEU N. GASOLINE (TET)-OPIS
- a) Ref Price A - Description
- "42% NGL-MONT BELVIEU Ethane (NON-TET )-OPIS; 28% NGL-MONT BELVIEU Propane (NON-TET)-OPIS; 11% NGL-MONT BELVIEU Normal Butane (NON-TET)-OPIS; 6% NGL MONT BELVIEU Isobutane (NON-TET)-OPIS; 13% MONT BELVIEU Natural Gasoline (NON-TET)-OPIS” means that the price for a Pricing Date will be that day's Specified Price per gallon of each listed component multiplied by the percentage of the barrel for delivery on the Delivery Date, stated in US cents, published under the heading "Mont Belvieu Spot Gas Liquids Prices: Non-TET Ethane/Propane/Normal Butane/Isobutane/Natural Gasoline: 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
- Trading Price Quotation
- One cent ($0.01) per barrel
- Settlement Price Quotation
- One tenth of one cent ($0.001) per barrel
- MIC Code
- IFED
- Clearing Venues
- ICEU
Related Products
Trading Hours
| City | Trading | Pre-Open |
|---|---|---|
| NEW YORK | 7:50 PM - 6:00 PM* 19:50 - 18:00 | 7:40 PM 19:40 |
| LONDON | 12:50 AM - 11:00 PM 00:50 - 23:00 | 12:40 AM 00:40 |
| SINGAPORE | 8:50 AM - 7:00 AM* 08:50 - 07:00 | 8:40 AM 08:40 |
*Next Day
Sunday Pre-Open 5:40 PM ET; Closed on Saturday
Codes
- Clearing Admin Name
- NGL Master
- Physical
- NGB
- Logical
- NGB
- GMI (FC)
- H9
- ION A.C.N.
- Symbol Code
- NGB