ICE Futures U.S.

Henry Penultimate 4-Month Calendar Spread Future

Henry Penultimate 4-Month Calendar Spread Future55410808

Description

A monthly cash settled Exchange Futures contract based upon the mathematical result of subtracting the monthly price published by NYMEX for the Fifth Nearby Month, as specified in Reference Price B, from the monthly price published by NYMEX for the First Nearby Month, as specified in Reference Price A.

Market Specifications

Trading Screen Product Name
NG Pen Futures
Trading Screen Hub Name
Henry CSO 4 Month
Commodity Code
HHR
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 72 consecutive monthly Contract Periods, or as otherwise determined by the Exchange.
Last Trading Day
Four Business Days prior to the first calendar day of the Contract Period
Final Settlement
Reference Price A minus Reference Price B
REFERENCE PRICE A
NATURAL GAS-NYMEX
a) Description A
"NATURAL GAS-NYMEX" means that the price for a Pricing Date will be that day's Specified Price per MMBtu of natural gas on the NYMEX of the Henry Hub Natural Gas Futures Contract for the Delivery Date, stated in U.S. Dollars, as made public by the NYMEX on that Pricing Date.
b) Pricing Date A
One Business Day prior to the last scheduled trading day of the NYMEX Henry Hub Natural Gas Futures Contract for the Delivery Date
c) Specified Price A
Settlement price
d) Pricing calendar A
NYMEX
e) Delivery Date A
Contract Period
REFERENCE PRICE B
NATURAL GAS-NYMEX
a) Description B
"NATURAL GAS-NYMEX" means that the price for a Pricing Date will be that day's Specified Price per MMBtu of natural gas on the NYMEX of the Henry Hub Natural Gas Futures Contract for the Delivery Date, stated in U.S. Dollars, as made public by the NYMEX on that Pricing Date.
b) Pricing Date B
One Business Day prior to the last scheduled trading day of the NYMEX Henry Hub Natural Gas Futures Contract for the Contract Period
c) Specified Price B
Settlement Price
d) Pricing Calendar B
NYMEX
e) Delivery Date B
Fifth Nearby Month
Final Payment Date
The first 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

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

Codes

Clearing Admin Name
Henry CSO
Physical
HHR
Logical
HHR
GMI(FC)
R&N A.C.N.