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Description

A monthly cash settled Exchange Futures Contract 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

Ethane OPIS Futures

Trading Screen Hub Name

MT.B-ENT

Contract Symbol

ETE

Settlement Method

Cash settlement

Contract Size

1,000 barrels

Currency

USD

Minimum Price Fluctuation

One thousandth of a cent ($0.00001) per gallon;

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 PURITY ETHANE-OPIS

a) Ref Price A - Description

"NGL-MONT BELVIEU PURITY ETHANE-OPIS" means that the price for a Pricing Date will be that day's Specified Price per gallon of ethane for delivery on the Delivery Date, stated in U.S. cents, published under the heading "Mont Belvieu Spot Gas Liquids Prices: Purity Ethane: 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 Period

Final Payment Date

The second Clearing Organization business day following the Last Trading Day

MIC Code

IFED

Clearing Venues

ICEU

Related Products

• Ethane in E/P Mix, OPIS Conway In-Well Future
• Ethane in E/P Mix, OPIS Mt. Belvieu Non-TET Future
• Ethane, OPIS Mt. Belvieu Non-TET Average Price Options
• Ethane in E/P Mix, OPIS Mt. Belvieu Non-TET, Fixed Price Balmo Future
• Ethane, OPIS Mt. Belvieu Non-TET, Fixed Price Balmo Future

Trading Hours

Codes