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ICE OTC

CG Onshore Physical Inside FERC

Description

Physical Natural Gas delivered firm at specified location for a pre-determined PREMIUM/DISCOUNT applied to the specified Index Price Reference.

Market Specifications

Trading Screen Product Name
NG Firm Phys, ID, IF
Trading Screen Hub Name
CG-Onshore
Contract Symbol
XLL
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 Fluctuation
$0.0025 per MMBtu
Maximum Price Fluctuation
No limits
Last Trading Day
One business day prior to the first calendar day of the delivery month
Price
Premium to referenced Index 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 Index Price, as reported by Platts' Inside FERC's Gas Market Report on the first of month publication following Contract delivery plus the Contract Price
Position Limit
None
MIC Code
IEPA
Clearing Venues
NGXC

Trading Hours

CityTradingPre-Open
New York7:00 AM - 5:00 PM
07:00 - 17:00

London11:00 AM - 9:00 PM
11:00 - 21:00

Singapore7:00 PM - 5:00 AM
19:00 - 05:00

Codes

Clearing Admin Name
CGOn MO Phy Gas
Physical
XLL
Logical
XLL
GMI (FC)
ION A.C.N.
Symbol Code
XLL