ICE Propane, Argus Saudi CP

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A cash settled future equal to the price published by Argus International LPG for the location specified in Reference Price A.

Propane, Argus Saudi CP Future
Trading Screen Product Name Propane Saudi CP Futures
Trading Screen Hub Name Saudi CP
Contract Symbol SCP
Settlement Method Cash settlement
Contract Size 1,000 metric tonnes
Currency USD
Minimum Price Fluctuation The price quotation convention shall be One tenth of a cent ($0.001) per metric tonne; minimum price fluctuation may vary by trade type. Please see Table in Resolution 1 to this Chapter 18. 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 prior to the contract month
Final Settlement Average of Reference Price A prices
REFERENCE PRICE A NGL-PROPANE (SAUDI ARAMCO)-ARGUS INTERNATIONAL LPG
a) Ref Price A - Description "NGL-PROPANE (SAUDI ARAMCO)-ARGUS INTERNATIONAL LPG " means that the price for a Pricing Date will be that day's Specified Price per tonne of propane for delivery on the Delivery Date, stated in U.S. Dollars, published under the heading "International comparisons: Saudi Aramco: Propane" in the issue of Argus International LPG 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 Argus International LPG
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
Trading Hours CITY TRADING PRE-OPEN
NEW YORK 7:50 PM - 6:00 PM*

19:50 - 18:00

7:40 PM

19:40

LONDON 12:50 AM - 11:00 PM*

00:50 - 23:00

12:40 AM

00:40

SINGAPORE 8:50 AM - 7:00 AM*

08:50 - 07:00

8:40 AM

08:40

*Next Day

Sunday Pre-Open 5:40 PM ET; Closed on Saturday

Codes Clearing Admin Name NGL Master
Physical SCP
Logical SCP
GMI (FC) QT
ION A.C.N. None

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ICE Propane, Argus Saudi CP Product Spec