Ethylene, ICIS FD NWE Future

ICE Futures U.S.

A monthly cash settled future based upon the contract price published by ICIS for the location specified in reference price A

Trading Screen Product Name: Ethylene ICIS Futures
Trading Screen Hub Name: FD NWE
Contract Symbol: EFN
Settlement Method: Cash settlement
Contract Size: 100 metric tonnes
Currency: EUR
Minimum Price Fluctuation: The price quotation convention shall 0.1 Euro Cent per MT (€0.001/MT); minimum price fluctuation may vary by trade type.
Listing Cycle: Up to 36 consecutive monthly Contract Periods, or as otherwise determined by the Exchange
Last Trading Day: Last Trading Day prior to the contract month.
Final Settlement: Reference Price A
REFERENCE PRICE A: Ethylene, FD NWE
a) Ref Price A - Description: “Contract Price, Ethylene, FD NWE” means that the price for a pricing date will be that day’s specified price per metric tonne of ethylene for delivery on the delivery date, stated in EURO, published under the heading “Contract Prices, Ethylene, FD NWE,” or any successor headings where the applicable prices are published, in the issue of the ICIS Europe Ethylene 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: Price
d) Ref Price A - Pricing calendar: ICIS
e) Ref Price A - Delivery Date: Contract month
Final Payment Date: Two Clearing House Business Days following the Last Trading Day
MIC Code: IFED
Clearing Venues: ICEU

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