- Trading Screen Product Name
- NG NGI Futures
- Trading Screen Hub Name
- Socal-Border
- Contract Symbol
OPS
- Settlement Method
Exercise into Underlying Futures Contract
- 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.
- 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
European
- Exercise Procedure
Automatic Only
Manual exercise or abandon is not permitted
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.
Exercise Day is the third Clearing Organization business day
following the Last Trading Day
- REFERENCE PRICE A
NATURAL GAS-CALIFORNIA (SOUTHERN CALIFORNIA BDR. AVG.)-NGI
- a) Ref Price A - Description
"NATURAL GAS-CALIFORNIA (SOUTHERN CALIFORNIA BDR. AVG.)-NGI " 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 "Spot Gas Prices: California: Southern Cal. Border Avg.: avg." in the issue of NGI's Bidweek Survey 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
Average
- d) Ref Price A - Pricing calendar
NGI
- e) Ref Price A - Delivery Date
Contract Period
- Strike Price Listing
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
- IFED
- Clearing Venues
- ICEU