- Trading Screen Product Name
- Natgaso OPIS Futures
- Trading Screen Hub Name
- MT.B-TAR
- Contract Symbol
NBC
- Settlement Method
Cash settlement
- Contract Size
1,000 barrels (42,000 gallons)
- Currency
US Dollars and cents
- Minimum Price Fluctuation
One thousandth of one cent ($0.00001) per gallon;
The conversion factor for this contract is 42 gallons = 1 barrel.
- 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 (Other Non-TET)-OPIS
- a) Ref Price A - Description
"NGL-MONT BELVIEU N. Gasoline (Other Non-TET)-OPIS" means that the
price for a Pricing Date will be that day's Specified Price per
gallon of natural gasoline for delivery on the Delivery Date,
stated in U.S. cents, published under the heading "Mont Belvieu
Spot Gas Liquids Prices: Other N. Gasoline: Any Current Month" in
the issue of OPIS North America LPG Report 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 month
- Final Payment Date
Two Clearing House Business Days following the Last Trading Day
- Unit of Trading
Any multiple of 1,000 barrels (42,000 gallons)
- Trading Price Quotation
One thousandth of one cent ($0.00001) per gallon;
- Contract Series
Up to 72 consecutive monthly Contract Periods
- Settlement Price Quotation
One thousandth of one cent ($0.00001) per gallon;
- MIC Code
- IFED
- Clearing Venues
- ICEU