A balance of the month cash settled future based upon the average
of the daily prices published by OPIS PetroChem Wire for the
location specified in Reference Price A
Market Specifications
Trading Screen Product Name
Propylene OPIS PCW Futures (balmo)
Trading Screen Hub Name
MT.B
Contract Symbol
PPN
Settlement Method
Cash settlement
Contract Size
100,000 pounds
Currency
US Dollars and cents
Minimum Price Fluctuation
One thousandth of one cent ($0.00001) per pound
Listing Cycle
Up to 2 consecutive monthly contract months
Last Trading Day
Last Trading Day of the contract month
Final Settlement
Average of Reference Price A prices
REFERENCE PRICE A
MONOMERS–PGP FOB MT B EPC–OPIS PETROCHEM WIRE
a) Description
"MONOMERS-PGP FOB MT B EPC-OPIS PETROCHEM WIRE" means that the
price for a Pricing Date will be that day's Specified Price per
pound of polymer grade propylene, stated in US Dollars, published
under the heading "Closing Markets – Monomers - PGP MT B FOB"
in the issue of OPIS Petrochem Wire that reports prices effective
on that Pricing Date
b) Pricing Date
Each day that prices are reported for the Delivery Date
c) Specified Price
Price
d) Pricing Calendar
OPIS PetroChem Wire
e) Delivery Date
Contract month
Final Payment Date
Two Clearing House Business Days following the Last Trading Day