VOLUME 24 – BULLETIN #035
TO:
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ALL CLEARING PARTICIPANTS
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FROM:
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CLIENT SERVICES AND SUPPORT
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DATE:
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May 13, 2004
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SUBJECT:
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ChemConnect, Inc. Natural Gas Liquid Contracts
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ChemConnect, an all-electronic exchange, will trade the following natural gas liquid contracts.
Key elements of the ChemConnect contracts are summarized below:
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DESCRIPTION: Ethane Forward - Enterprise – Mt. Belvieu
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Exchange Code:
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03
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Commodity Code:
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HA
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Trading Unit:
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1 Lot
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Contract Size:
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42,000 U.S. gallons (1,000 barrels)
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Clearing Price Format:
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U.S. Dollars and Cents per gallon
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Sample price:
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Actual = $0.50125 per gallon
7 digit = 0050125
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Minimum Price Fluctuation:
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$0.00001 = $0.42 per contract
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Tick Size:
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$0.00001 per gallon
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Last Trading Day
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Last business day of the month preceding the delivery month.
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Delivery Specifications:
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F.O.B. at Enterprise Products Partners L.P. facility in Mt. Belvieu, Texas. Product shall conform to industry standards for fungible liquefied ethane gas as determined by the Gas Processors Association.
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Trading Hours (CT):
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7:15 a.m. to 3:15 p.m.
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Contract Months:
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Monthly out to 12 months.
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Calendar Spreads:
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Not Applicable
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Differential Spreads
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Not Applicable
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DESCRIPTION: Ethane Swap - Enterprise – Mt. Belvieu
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Exchange Code:
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03
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Commodity Code:
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HB
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Trading Unit:
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1 Lot
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Contract Size:
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42,000 U.S. gallons (1,000 barrels)
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Clearing Price Format:
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U.S. Dollars and Cents per gallon
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Sample Price:
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Actual = $0.50125
7 digit = 0050125
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Minimum Price Fluctuation:
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$0.00001 = $0.42 per contract
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Tick Size:
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$0.00001 per gallon
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Last Trading Day
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Last business day of the month preceding the delivery month.
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Delivery Specifications:
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Cash Settled
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Trading Hours (CT):
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7:15 a.m. to 3:15 p.m.
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Contract Months:
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Monthly out to 12 months.
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Calendar Spreads:
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Not Applicable
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Differential Spreads
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Not Applicable
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DESCRIPTION: Propane Forward – TET – Mt. Belvieu
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Exchange Code:
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03
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Commodity Code:
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HC
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Trading Unit:
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1 Lot
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Contract Size:
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42,000 U.S. gallons (1,000 barrels)
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Clearing Price Format:
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U.S. Dollars and Cents per gallon
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Sample Price:
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Actual = $0.75125
7 digit = 0075125
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Minimum Price Fluctuation:
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$0.00001 = $0.42 per contract
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Tick Size:
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$0.00001 per gallon
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Last Trading Day
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Last business day of the month preceding the delivery month.
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Delivery Specifications:
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F.O.B. at Texas Eastern Products Pipeline Company (TEPPCO) facility in Mt. Belvieu, Texas. Product shall conform to industry standards for fungible liquefied propane gas as determined by the GAS Processors Association (GPA-HD-5)
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Trading Hours (CT):
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7:15 a.m. to 3:15 p.m.
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Contract Months:
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Monthly out to 12 months.
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Calendar Spreads:
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Not Applicable
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Differential Spreads
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Not Applicable
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DESCRIPTION: Propane Swap – Mt. Belvieu
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Exchange Code:
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03
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Commodity Code:
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HD
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Trading Unit:
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1 Lot
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Contract Size:
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42,000 U.S. gallons (1,000 barrels)
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Clearing Price Format:
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U.S. Dollars and Cents per gallon
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Sample Price:
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Actual = $0.75125
7 digit = 0075125
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Minimum Price Fluctuation:
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$0.00001 = $0.42 per contract
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Tick Size:
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$0.00001 per gallon
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Last Trading Day
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Last business day of the month preceding the delivery month.
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Delivery Specifications:
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Cash Settled
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Trading Hours (CT):
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7:15 a.m. to 3:15 p.m.
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Contract Months:
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Monthly out to 12 months.
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Calendar Spreads:
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Not Applicable
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Differential Spreads
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Not Applicable
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Should you have any questions, please call or e-mail one of the following Client Services and Support Representatives:
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