EIA End of Draw Index37042675

Description

Cleared market for the total working gas in underground storage for the lower 48 states, in 1 Billion Cubic Feet (BCF) as reported by U.S. Energy Information Administration (EIA) Weekly Natural Gas Report

Market Specifications

Trading Screen Product Name
NG Fin End of Draw Number (EIA)
Trading Screen Hub Name
US EIA
Commodity Code
EIR
Settlement Method
Cash settlement
Contract Size
$10
Currency
USD
Minimum Price Fluctuation
The price quotation convention shall be 1 BCF per $10; minimum price fluctuation may vary by trade type. Please see Table in Resolution 1 to this Chapter 18.
Listing Cycle
The current natural gas withdrawal season, or as otherwise determined by the Exchange
Last Trading Day
Trading shall cease at 10:28 am EPT on the second EIA Weekly Natural Gas Report in April
Final Settlement
Reference Price A
REFERENCE PRICE A
NATURAL GAS-WEEKLY NATURAL GAS STORAGE REPORT-U.S. ENERGY INFORMATION ADMINISTRATION
a) Ref Price A - Description
"NATURAL GAS-WEEKLY NATURAL GAS STORAGE REPORT-U.S. ENERGY INFORMATION ADMINISTRATION" shall mean that the price for a Pricing Date will be that day's Specified Price of natural gas for the Delivery Date, stated in billion cubic feet (BCF), published on the EIA website: http://www.eia.gov/dnav/ng/ng_stor_wkly_s1_w.htm
b) Ref Price A - Pricing Date
First publication date of the Contract Period
c) Ref Price A - Specified Price
The total working gas in storage for the lower 48 states, as estimated by the EIA using both a 12-month moving average of working gas volumes and the latest weekly data for the previous week ending on Friday. The standard release time is 10:30 am EPT on Thursdays, with the following exceptions listed on their website. http://ir.eia.gov/ngs/schedule.html
d) Ref Price A - Pricing calendar
EIA Weekly Natural Gas Report
e) Ref Price A - Delivery Date
Week ending on the Friday prior to the contract period
Final Payment Date
One Clearing House Business Day after the Last Trading Day
MIC Code
IFED
Clearing Venues
ICEU
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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
Singapore8:50 AM - 7:00 AM*
08:50 - 07:00
8:40 AM
08:40

*Next Day

Sunday Pre-Open 5:40 PM ET; Closed on Saturday

Codes

Clearing Admin Name
EIA Draw/Store
Physical
EIR
Logical
EIR
GMI(FC)
R&N A.C.N.