- Trading Screen Product Name
- NG IF Futures
- Trading Screen Hub Name
- Commodity Code
- Settlement Method
Exercise into Underlying Futures Contract
- Contract Size
- Minimum Price Fluctuation
The price quotation convention shall be One hundredth of a cent ($0.0001) per MMBtu; minimum price fluctuation may vary by trade type. Please see Table in Resolution 1 to this Chapter 18.
- Contract Series
Up to 60 consecutive monthly Contract Periods
- Last Trading Day
At the end of the Trading Session on the last Business Day prior to the first calendar day of the Contract Period
- Option Style
- Exercise Method
- Exercise Procedure
Manual exercise or abandon is not permitted
- Exercise Day
The third Clearing Organization business day following the Last Trading Day
- Automatic Exercise Provisions
Options which are "in the money", with respect to Reference Price A, exercise automatically into the Underlying Futures Contract with a contract price equal to the Strike Price.
Options which are "out of the money" expire automatically.
- REFERENCE PRICE A
NATURAL GAS-PEPL (TEXOK MAINLINE)-INSIDE FERC
- a) Ref Price A - Description
"NATURAL GAS-PEPL (TEXOK MAINLINE)-INSIDE FERC" means that the price for a Pricing Date will be that day's Specified Price per MMBTU of natural gas for delivery on the Delivery Date, stated in U.S. Dollars, published under the heading "Prices of Spot Gas Delivered to Pipelines ($/MMBtu): Panhandle Eastern Pipe Line Co.: Texas, Oklahoma (mainline): Index" in the issue of Inside FERC that reports prices effective on that Pricing Date.
- b) Ref Price A - Pricing Date
First publication date of Contract Period
- c) Ref Price A - Specified Price
- d) Ref Price A - Pricing calendar
- e) Ref Price A - Delivery Date
- Strike Price Listing Provisions
A minimum of 10 Strike Prices in increments of $0.25 per MMBtu above and below the at-the-money Strike Price. Strike Price boundaries are adjusted according to futures price movements. User-defined Strike Prices are allowed in $0.001 increments.
- MIC Code
- Clearing Venues