- 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