Test 7
Test 7 snippet
C3 CP Spread
The price difference between two different delivery months of Saudi Contract Price (CP) Propane. This instrument that allows market participants to manage their exposure to changes in the forward curve of Propane prices. It is commonly used by traders and importers in Asia and the Middle East to hedge or speculate on the shape and movement of the Saudi CP price structure over time.
Contract Details
Contract for Difference
Spread Bet
A CFD is a financial derivative that allows traders to speculate on the price movement of an asset without owning it. The trader enters into a contract with a broker, agreeing to exchange the difference in the asset's price from the time the contract is opened to when it is closed.
Name & Trade Code
| Contract Name | C3 CP Spread(100mt-$/mt) |
| MT5 Trader Code | C3_CP_Sprd |
| Contract Classification | Commodity Time-Spread CFD |
| Geographical Region | Middle East |
Contract Specification
| Sector | Energy |
| Product Group | NGL |
| Tenor Period | Consecutive individual whole calendar months, e.g. Jan 25 |
| Maximum Forward Tenor | Up to 18 consecutive forward Tenor Periods available |
| Contract Size | 100 |
| Contract Unit | mt |
| Price Digits | 2 |
| Currency | USD |
| Value of Tick | 1 per 0.01 |
| Margins | Download a summary or detailed document with tiers. |
Expiry Trading Overview
| Contract Expiry Date | The last trading day of the expiring Tenor Period (i.e. 31 January 2025 for Jan 25 Tenor Period) |
| Last Trading Day (for new open positions) | Five working days prior to the Contract Expiry Date for the Tenor Period (i.e. 24 January 2025 for Jan 25 Tenor Period) |
| Last Trading Day (for closing position in that Tenor Period) | The Contract Expiry Date of the relevant Tenor Period |
| Trading Hours | 8:00am - 5:30pm (UK Time) |
| Quoting Hours | 8:00am - 6:00pm (UK Time) |
Tenor Period Settlement Valuation Process
| Settlement | Final settlement price on the first trading day of the expiry month |
A spread bet is a form of wagering on the price movement of an asset, where the trader bets on whether the price will rise or fall. The profit or loss is determined by the difference between the opening and closing prices.
Name & Trade Code
| Contract Name | C3 CP Spread($/0.01) |
| MT5 Trader Code | C3_CP_Sprd.s |
| Contract Classification | Commodity Time-Spread SB |
| Geographical Region | Middle East |
Contract Specification
| Sector | Energy |
| Product Group | NGL |
| Tenor Period | Consecutive individual whole calendar months, e.g. Jan 25 |
| Maximum Forward Tenor | Up to 18 consecutive forward Tenor Periods available |
| Contract Size | 100 |
| Contract Unit | |
| Price Digits | 2 |
| Currency | USD |
| Value of Tick | 1 per 0.01 |
| Margins | Download a summary or detailed document with tiers. |
Expiry Trading Overview
| Contract Expiry Date | The last trading day of the expiring Tenor Period (i.e. 31 January 2025 for Jan 25 Tenor Period) |
| Last Trading Day (for new open positions) | Five working days prior to the Contract Expiry Date for the Tenor Period (i.e. 24 January 2025 for Jan 25 Tenor Period) |
| Last Trading Day (for closing position in that Tenor Period) | The Contract Expiry Date of the relevant Tenor Period |
| Trading Hours | 8:00am - 5:30pm (UK Time) |
| Quoting Hours | 8:00am - 6:00pm (UK Time) |
Tenor Period Settlement Valuation Process
| Settlement | Final settlement price on the first trading day of the expiry month |