Natural Gasoline, OPIS Mt. Belvieu Other Non-TET Future64286926
ICE Futures U.S.
Natural Gasoline, OPIS Mt. Belvieu Other Non-TET Future
Description
A monthly 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
- 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
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
- NBC
- Logical
- NBC
- GMI (FC)
- I#
- ION A.C.N.
- Symbol Code
- NBC