ICE Futures U.S.

Tennessee Zone 4 300L Index Future

Tennessee Zone 4 300L Index Future32749938

Description

A monthly cash settled Exchange Futures Contract based upon the mathematical result of subtracting the monthly price published by Inside FERC, as defined in Reference Price B, from the average of the daily prices published by Gas Daily, as defined in Reference Price A.

Market Specifications

Trading Screen Product Name
NG Index IF for GDD Futures
Trading Screen Hub Name
TGP-Z4 300L
Commodity Code
DMQ
Settlement Method
Cash settlement
Contract Size
2500 MMBtus
Currency
USD
Minimum Price Fluctuation
The price quotation convention shall be One hundredth of a cent ($0.0001) per MMBtu; minimum price fluctuation may vary by trade type. Please see Table in Resolution 1 to this Chapter 18
Listing Cycle
Up to 120 consecutive monthly Contract Periods
Last Trading Day
The last Business Day prior to the first calendar day of the Contract Period
Final Settlement
Reference Price A
REFERENCE PRICE A
NATURAL GAS-APPALACHIA, TENNESSEE, ZONE 4-300 LEG-GAS DAILY
a) Ref Price A - Description
“NATURAL GAS-APPALACHIA, TENNESSEE, ZONE 4-300 LEG-GAS DAILY " means that the price for a Pricing Date will be that day's Specified Price per MMBTU of natural gas for delivery on the Delivery Date, stated in U.S. Dollars, published under the heading "Daily Price Survey ($/MMBtu): Appalachia: Tennessee, zone 4-300 leg: Midpoint" in the issue of Gas Daily that reports prices effective on that Pricing Date.
b) Ref Price A - Pricing Date
Each day that prices are reported for the Delivery Date
c) Ref Price A - Specified Price
Midpoint
d) Ref Price A - Pricing calendar
Gas Daily
e) Ref Price A - Delivery Date
Contract Period
REFERENCE PRICE B
NATURAL GAS-TENNESSEE GAS PIPELINE CO., ZONE 4-300 LEG-INSIDE FERC
a) Ref Price B - Description
"NATURAL GAS-TENNESSEE GAS PIPELINE CO., ZONE 4-300 LEG-INSIDE FERC” 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 "Monthly Bidweek Spot Gas Prices ($/MMBtu): Appalachia: Tennessee, zone 4-300 leg : Index" in the issue of Inside FERC that reports prices effective on that Pricing Date.
b) Ref Price B - Pricing Date
First publication date of Contract Period
c) Ref Price B - Specified Price
Index
d) Ref Price B - Pricing Calendar
Inside FERC
e) Ref Price B - Delivery Date
Contract Period
Final Payment Date
The third Clearing Organization business day following the Last Trading Day
MIC Code
IFED
Clearing Venues
ICEU

Trading Hours

CityTradingPre-Open
New York7:50 PM - 6:00 PM*
19:50 - 18:00
7:40 PM
19:40
London12:50 AM - 11:00 PM*
00:50 - 23:00
12:40 AM
00:40
Singapore7:50 AM - 6:00 AM*
07:50 - 06:00
7:40 AM
07:40

*Next Day

Codes

Clearing Admin Name
Index Master
Physical
DMQ
Logical
DMQ
GMI(FC)
R&N A.C.N.