Cove Point Physical Basis LD168626054
ICE OTC

Cove Point Physical Basis LD1

Description

Physical Natural Gas delivered firm at specified location for a price determined by adding the premium/discount to the last day NYMEX futures settlement

Market Specifications

Trading Screen Product Name
NG Firm Phys, BS, LD1
Trading Screen Hub Name
Cove Point
Contract Symbol
YD9
Contract Size
100 MMBtus per lot
Quotation
Net quantity quoted as volume per day and determined by multiplying the number of Contracts (or listed volume) times the number of days in the Contract.
Currency
US Dollars and cents
Minimum Price Fluctuation
$0.0025 per MMBtu
Maximum Price Fluctuation
No limits
Last Trading Day
Three business days prior to the first calendar day of the delivery month
Price
Premium to NYMEX Price
Fixed Price
The traded price or the previous day's settlement price
Daily Settlement
Daily settlement will be determined by Intercontinental Exchange, Inc. using price data from a number of sources including spot, forward, and derivative markets for both physical and financial products.
Final Settlement
The final settlement price for natural gas futures as reported by NYMEX for the specified month plus Contract Price
Position Limit
None
MIC Code
IEPA
Clearing Venues
NGXC

Trading Hours

CityTradingPre-Open
New York7:00 AM - 5:00 PM
07:00 - 17:00

London12:00 PM - 10:00 PM
12:00 - 22:00

Singapore7:00 PM - 5:00 AM
19:00 - 05:00

Codes

Clearing Admin Name
Cove MOPhysGas
Physical
YD9
Logical
YD9
Symbol Code
YD9