ICE Futures U.S.

UK NBP Natural Gas Last Day Financial Futures (USD/MMBTU)

UK NBP Natural Gas Last Day Financial Futures (USD/MMBTU)67129867

Description

A monthly cash settled Exchange Futures Contract based upon the settlement price as published by ICE Futures Europe for the ICE UK Natural Gas Futures (M) contract converted to United State dollar (USD) using the Daily Spot Rate as published by the Bank of England.

Market Specifications

Trading Screen Product Name
UK Natural Gas Last Day Futures (USD/MMBtu)
Trading Screen Hub Name
NBP
Commodity Code
UNF
Settlement Method
Cash settlement
Contract Size
2500 MMBtus
Currency
USD
Minimum Price Fluctuation
The price quotation convention shall be One tenth of a cent ($0.001) per MMBtu; minimum price fluctuation may vary by trade type.
Listing Cycle
78-83 consecutive months.

11-13 consecutive qtrs. Quarters are strips of three individual and consecutive contract months. Quarters always comprise a strip of Jan-Mar, Apr-Jun, Jul- Sep or Oct-Dec.

13-14 consecutive European gas seasons. European gas Seasons are strips of six individual and consecutive contract months and comprise a strip of Apr-Sep or Oct-Mar.

13-14 consecutive US gas seasons. US winter seasons are strips of five individual and consecutive contract months. US winter seasons always comprise a strip of Nov-Mar. US summer seasons are strips of seven individual and consecutive contract months and comprise a strip of Apr-Oct.

6 consecutive years.
Last Trading Day
Trading will cease at the close of business two Business Days prior to the first calendar day of the delivery month, quarter, season or calendar year.
Final Settlement
Reference Price A
REFERENCE PRICE A
UK Natural Gas NBP Future (M) - ICE Futures Europe
a) Ref Price A - Description
"UK Natural Gas NBP Future (M) - ICE Futures Europe " means that the price for a Pricing Date will be that day's Specified Price per MMBTU of natural gas on ICE Futures Europe for the UK Natural Gas NBP Future Contract (M) for the Delivery Date, stated in pence Sterling per therm, as made public by ICE Futures Europe on that Pricing Date. The price for a Pricing Date is converted to United State dollar (USD) using the Daily Spot Rate as published by the Bank of England.
b) Ref Price A - Pricing Date
Last scheduled trading day of the ICE Futures Europe UK Natural Gas NBP Futures (M) Futures Contract for the Delivery Date.
c) Ref Price A - Specified Price
Settlement price
d) Ref Price A - Pricing calendar
ICE Futures Europe
e) Ref Price A - Delivery Date
Contract Period
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
Singapore8:50 AM - 7:00 AM*
08:50 - 07:00
8:40 AM
08:40

*Next Day

Sunday Pre-Open 5:40 PM ET; Sunday Open 5:50 PM ET; Closed on Saturday

Codes

Clearing Admin Name
UK UNF Master
Physical
UNF
Logical
UNF
GMI(FC)
R&N A.C.N.