- Trading Screen Product Name
- Dutch TTF Natural Gas 1st Line Financial Futures (USD/MMBtu)
- Trading Screen Hub Name
- TTF
- Contract Symbol
TFU
- Trading Period
Up to 156 consecutive monthly Contract Periods, or as otherwise
determined by the Exchange. Quarterly, seasonal, calendar, and any
period of consecutive monthly contracts can be registered as a
strip
- Expiration Date
Trading will cease at the end of the designated settlement period
two Business Days prior to the first calendar day of the delivery
month, quarter, season, or calendar
- Contract Security
ICE Clear Europe acts as central counterparty to all trades thereby
guaranteeing the financial performance of ICE Futures Europe
contracts registered in the name of its Members up to and including
delivery, exercise and/or settlement.
- Trading Model
Continuous trading throughout trading hours
- Trading Methods
Electronic futures, Exchange for Physical (EFP), Exchange for Swap
(EFS) and Block Trades are available for this contract.
- Unit of Trading
Any multiple of 10,000 MMBTUs
- Contract Size
10,000 MMBtu
- Minimum Trading Size
1 lot = 10,000 MMBTU
- Minimum Block Order
5 lots = 50,000 MMBTU
- Currency
United States dollars (USD)
- Quotation
The contract price is in United States dollar and cent per MMBTU
- Minimum Price Fluctuation
One tenth of one cent ($0.001) per MMBtu
- Maximum Price Fluctuation
There are no limits
- Tick Size
10 United States dollar
- Settlement Method
Cash settlement
- Settlement Price
In respect of daily settlement, the Floating Price will be
determined by ICE using price data from a number of sources
including spot, forward and derivative markets for both physical
and financial products.
- Final Settlement
The cash settlement price for a Dutch TTF Gas 1st Line Financial
Futures (USD/MMBTU) contract is calculated as the arithmetic mean
of the settlement prices as published by ICE Endex for the Dutch
TTF Gas Base Load Futures (TFM) on each Trading Day during the
period that the expiring month is the front month. Every settlement
price is converted from EURO to United State dollar (USD) using the
WM/Refinitiv Closing EURUSD Spot Rates as published by Refinitiv at
4 pm UK time on the day the settlement price was published by the
ICE Endex. When there is no WM/Refinitiv Closing EURUSD Spot Rate
published, the next previous WM/Refinitiv Closing EURUSD Spot Rate
as published by Refinitiv will be used for settlement purposes.
- Final Payment Date
Two Clearing House Business Days following the Last Trading Day
- Position Limit
Positions are reported to the Exchange on a daily basis. The
Exchange has powers to prevent the development of excessive
positions or unwarranted speculation or any other undesirable
situation and may take steps to resolve such situations including
the ability to mandate Members to limit the size of such positions
or to reduce positions where appropriate.
- Initial Margin
Calculated on all open contracts, Initial Margin, as defined in the
ICE Clear Europe Clearing Rules, is a deposit held by ICE Clear
Europe in order to cover the costs that may be incurred in closing
out a position in default. It is returned upon the closing of the
position, or at expiry, with interest.
- Daily Margin
All open contracts are 'marked-to-market' daily, with Variation
Margin, as defined in the ICE Clear Europe Clearing Rules, being
called for as appropriate.
- Disclaimer
The WM/Refinitiv Closing Spot Rate is used under license from
Refinitiv. The use of the WM/Refinitiv Closing Spot Rate does not
imply or express any approval or endorsement by Refinitiv of the
products listed on the Exchange. The WM/Refinitiv Closing Spot Rate
is proprietary to Refinitiv.
- MIC Code
- IFEU
- Clearing Venues
- ICEU