NNG Demarc Physical Basis LD11143

Description

Physical Natural Gas delivered firm at specified location for a price determined by adding the premium/discount to the last day NYMEX futures settlement

Market Specifications

Commodity Code
XIR
Contract Size
100 MMBtus per lot
Quotation
Net quantity quoted as volume per day and determined by multiplying the number of Contracts (or listed volume) times the number of days in the Contract.
Currency
US Dollars and cents
Minimum Price Flux
$0.0025 per MMBtu
Maximum Price Flux
No limits
Last Trading Day
Close of business on the third last business day of the delivery month
Price
Premium to NYMEX Price
Fixed Price
The traded price or the previous day's settlement price
Daily Settlement
Daily settlement will be determined by Intercontinental Exchange, Inc. using price data from a number of sources including spot, forward, and derivative markets for both physical and financial products.
Final Settlement
the final settlement price for natural gas futures as reported by NYMEX for the specified month plus Contract Price
Position Limits
None
MIC Code
IEPA
Clearing Venue
NGX

Trading Hours

CityTradingPre-Open
New York7:00 AM - 5:00 PM
07:00 - 17:00
London12:00 PM - 10:00 PM
12:00 - 22:00
Singapore7:00 PM - 5:00 AM*
19:00 - 05:00

*Next Day

Codes

Clearing Admin Name
Dem MO Phys Gas
Physical
XIR
Logical
XIR
GMI (FC)
R&N A.C.N.