- Trading Screen Product Name
- Italian PSV Natural Gas Futures
- Trading Screen Hub Name
- PSV
- Contract Symbol
IGA
- Contract Series
Up to 156 consecutive month contracts, or as otherwise determined
by ICE Endex. Quarterly, seasonal, calendar, and any period of
consecutive monthly contracts can be registered as a strip.
- Contract Size
1 MW per day in the contract period (i.e. month, quarter, season,
or year) x 24 hours.
- Unit of Trading
1 MW
- Minimum Trading Size
"Futures: 5 lots = 5 MW
Exchange for Physical (EFP): 1 lot = 1 MW
Exchange for Swap (EFS): 1 lot = 1 MW
Block Order: 1 lot = 1 MW "
- Price Quotation
The contract price is in Euros and Euro cents per MWh
- Minimum Price Fluctuation
0.5 Euro Cent per MWh (€0.005/MWh)
- Tick Value
Contract Size x Minimum Trade Size x Minimum Price Flux
- Last Trading Day
Trading will cease at the close of business two UK Business Days
prior to the first calendar day of the delivery month, quarter,
season, or calendar.
- Settlement Method
Physical Delivery
- Exchange Delivery Settlement Price
Will be the end of day Settlement Price on the Last Trading Day of
the contract.
- Delivery Terms
Matching Acquiring Trade Nominations and Disposing Trade
Nominations (buyer from ICEU, seller to ICEU) are input by ICE to
SNAM RETE GAS via PSV System before 11:30 (CET) on each Business
Day prior to the commencement of the delivery period.
Delivery takes place in gigajoule MWh per
day.
- MIC Code
- NDEX
- Clearing Venues
- ICEU