ICE OTC

Swing Swap - Texas Gas Transmission Corp. - Zone SL Pool

Swing Swap - Texas Gas Transmission Corp. - Zone SL Pool28687639

Description

A daily cash settled swap based upon the daily price published by Gas Daily for the location specified in Reference Price A.

Market Specifications

Trading Screen Product Name
NG Fin Sw Swap, FP for GDD
Trading Screen Hub Name
TGT-SL
Rule Number
1330
Settlement Method
Cash settlement
Contract Size
2500 MMBtus
Currency
USD
Minimum Price Fluctuation
0.0001
Listing Cycle
Up to 65 consecutive daily Contract Periods, or as otherwise determined by the SEF
Last Trading Day
The Business Day prior to the Contract Period
Final Settlement
Reference Price A
REFERENCE PRICE A
NATURAL GAS-LOUISIANA (TEXAS GAS ZONE SL)-GAS DAILY
a) Description
"NATURAL GAS-LOUISIANA (TEXAS GAS ZONE SL)-GAS DAILY" means that the price for a Pricing Date will be that day's Specified Price per MMBTU of natural gas for delivery on the Delivery Date, stated in U.S. Dollars, published under the heading "Daily price survey ($/MMBtu): Louisiana-Onshore South, Tx. Gas, zone SL" in the issue of Gas Daily that reports prices effective on that Pricing Date.
b) Pricing Date
Each day that prices are reported for the Delivery Date
c) Specified Price
Midpoint
d) Pricing Calendar
Gas Daily
e) Delivery Date
Contract Period
Final Payment Date
Five (5) New York Business Days after each settlement date via wire transfer of Federal Funds.
Other Terms
To be confirmed directly between the parties in their full form of contract. The terms reflected in such contracts shall be controlling.
MIC Code
ICES
Clearing Venues
IEPA