Propane - Daily Argus Far East Mini Future

ICE Futures U.S.

A daily cash settled mini future based on the Argus daily assessment price for Propane Far East.

Trading Screen Product Name: Propane Argus Futures
Trading Screen Hub Name: Daily Far East Mini
Contract Symbol: AFD
Contract Size: 100 metric tonnes
Unit of Trading: Any multiple of 100 metric tonnes
Currency: US Dollars and cents
Trading Price Quotation: One cent ($0.01) per metric tonne
Settlement Price Quotation: One tenth of one cent ($0.001) per metric tonne
Minimum Price Fluctuation: One tenth of one cent ($0.001) per metric tonne
Last Trading Day: Second Business Day after the nominal contract date
Floating Price: In respect of daily settlement, the Floating Price for daily settlement will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.
Final Settlement: In respect of final settlement, the Floating Price will be a price in USD per Metric Tonne based on the average of the relevant high and low quotations appearing in the 'Argus International LPG Report' under the heading Asia-Pacific for Propane Argus Far East Index
Contract Series: Up to 130 consecutive days
Final Payment Date: Two Clearing House Business Days following the Last Trading Day
Business Days: Publication days for Argus International LPG Report
MIC Code: IFED
Clearing Venues: ICEU

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