- 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