- Trading Screen Product Name
- Natgaso OPIS/Crude Diff Futures
- Trading Screen Hub Name
- MT.B-ENT/WTI 1st line
- Contract Symbol
NGW
- Settlement Method
Cash settlement
- Contract Size
1,000 barrels
- Currency
USD
- Minimum Price Fluctuation
The price quotation convention shall be One tenth of a cent ($0.001) per barrel; minimum price fluctuation may vary by trade type. Please see Table in Resolution 1 to this Chapter 18.
- Contract Series
Up to 72 consecutive monthly Contract Periods
- Last Trading Day
The last Business Day of the Contract Period
- Final Settlement
Average of the Reference Price A prices minus Average of the Reference Price B prices
- REFERENCE PRICE A
NGL-MONT BELVIEU N. GASOLINE (NON-TET)-OPIS
- a) Ref Price A - Description
"NGL-MONT BELVIEU N. GASOLINE (NON-TET)-OPIS" means that the price for a Pricing Date will be that day's Specified Price per gallon of natural gasoline for delivery on the Delivery Date, stated in U.S. cents, published under the heading "Mont Belvieu Spot Gas Liquids Prices: Non-TET N. Gasoline: 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
- REFERENCE PRICE B
OIL-WTI-NYMEX
- a) Ref Price B - Description
"OIL-WTI-NYMEX" means that the price for a Pricing Date will be that day's Specified Price per barrel of the NYMEX Light Sweet Crude Oil Futures for the Delivery Date, stated in U.S. Dollars, as made public by the NYMEX on that Pricing Date.
- b) Ref Price B - Pricing Date
Each trading day of the NYMEX Light Sweet Crude Oil Futures Contract during the Contract Period
- c) Ref Price B - Specified Price
Settlement price
- d) Ref Price B - Pricing Calendar
NYMEX
- e) Ref Price B - Delivery Date
First Nearby Month
- Final Payment Date
The second Clearing Organization business day following the Last Trading Day
- Linked Future
Yes
- MIC Code
- IFED
- Clearing Venues
- ICEU