- Trading Screen Product Name
- Normal Butane OPIS Futures
- Trading Screen Hub Name
- MT.B-TAR
- Contract Symbol
NBE
- Contract Size
1,000 barrels (42,000 gallons)
- Unit of Trading
Any multiple of 1,000 barrels (42,000 gallons)
- Currency
US Dollars and cents
- Trading Price Quotation
One thousandth of one cent ($0.00001) per gallon;
- Settlement Price Quotation
One thousandth of one cent ($0.00001) per gallon;
- 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
- Contract Series
Up to 72 consecutive monthly Contract Periods
- REFERENCE PRICE A
NGL-MONT BELVIEU Normal Butane (Other NON-TET)-OPIS
- a) Ref Price A - Description
"NGL-MONT BELVIEU Normal Butane (Other NON-TET)-OPIS" means that
the price for a Pricing Date will be that day's Specified Price per
gallon of Normal Butane for delivery on the Delivery Date, stated
in U.S. cents, published under the heading "Mont Belvieu Spot Gas
Liquids Prices: Other Non-TET N. Butane: 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
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
- Business Days
Publication days for OPIS
- MIC Code
- IFED
- Clearing Venues
- ICEU