- Trading Screen Product Name
- Normal Butane OPIS Futures (balmo)
- Trading Screen Hub Name
- ETR ISOM
- Contract Symbol
NBO
- Settlement Method
Cash settlement
- Contract Size
1,000 barrels
- Currency
US Dollars and cents
- Minimum Price Fluctuation
The price quotation convention shall be One thousandth of a cent
($0.00001) per gallon; minimum price fluctuation may vary by trade
type.
The conversion factor for this contract is 42 gallons = 1 barrel.
- Listing Cycle
Up to 2 months of balance-of-month Contract Periods, or as
otherwise determined by the Exchange
- Last Trading Day
Last Trading Day of the contract month
- Final Settlement
Average of Reference Price A prices
- REFERENCE PRICE A
NGL-TET Isom N. Butane-OPIS
- a) Ref Price A - Description
“NGL-TET Isom N. Butane-OPIS” means that the price for
a Pricing Date will be that day's Specified Price per gallon of
normal butane for delivery on the Delivery Date, stated in U.S.
cents, published under the heading " Mont Belvieu Spot Gas Liquids
Prices: TET Isom N. Butane: 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
Price
- d) Ref Price A - Pricing calendar
OPIS
- 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