- Trading Screen Product Name
- Propane Argus Futures
- Trading Screen Hub Name
- Far East
- Contract Symbol
AFE
- Settlement Method
Cash settlement
- Contract Size
1,000 metric tonnes
- Currency
USD
- Minimum Price Fluctuation
The price quotation convention shall be One tenth of a cent ($0.001) per metric tonne; minimum price fluctuation may vary by trade type. Please see Table in Resolution 1 to this Chapter 18. The conversion factor for this contract is 42 gallons = 1 barrel.
- Listing Cycle
Up to 72 consecutive monthly Contract Periods
- Last Trading Day
The last Business Day of the Contract Period
- Final Settlement
Average of Reference Price A prices
- REFERENCE PRICE A
NGL-PROPANE (FAR EAST INDEX)-ARGUS INTERNATIONAL LPG
- a) Ref Price A - Description
"NGL-PROPANE (FAR EAST INDEX)-ARGUS INTERNATIONAL LPG " means that
the price for a Pricing Date will be that day's Specified Price per
tonne of propane, stated in U.S. Dollars, published under the
heading "Asia-Pacific: Refrigerated cargoes: Argus Far East
Index™ (AFEI™): Propane" in the issue of Argus
International LPG 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
Argus International LPG
- e) Ref Price A - Delivery Date
Contract Period
- Final Payment Date
The second Clearing Organization business day following the Last Trading Day
- MIC Code
- IFED
- Clearing Venues
- ICEU