Tools
NGL - Risk Management Tool: Swap
Swap - A Swap deal allows a customer to arrange a fixed price financial contract for a fixed volume in fixed months. There is no physical product involved.
General Requirements/Conditions:
- Parties must verify to each other's satisfaction that each of them is legally qualified to enter into financially-settled commodity instruments.
- Customer accepts the nominated swap price.
- Minimum lot size per transaction is 50,000 gallons per month.
- Contract swap price settles against monthly OPIS average for the location.
Swap
- Monthly volumes specified
- Swap period (1 month - 12 months)
- Settlement will take place at the end of the month with payment due to BP if the OPIS average is less than the swap price and a credit due to your account from BP if the monthly average is higher than the swap price.
In this section
NGL Risk Management Tools: Swap
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