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ICE Futures U.S.

US EIA Financial Weekly Index (100 USD)

Description

A cleared market for the change in 1 Billion Cubic Feet (BCF) of the Natural Gas Financial Weekly Gas Storage Inventory Number as reported by U.S. Energy Information Administration (EIA) Weekly Natural Gas Report.

Market Specifications

Trading Screen Product Name
NG Fin Weekly Gas Storage Inventory Number (EIA)
Trading Screen Hub Name
US EIA (100 USD)
Contract Symbol
EIW
Settlement Method
Cash settlement
Contract Size
$100
Currency
USD
Minimum Price Fluctuation
The price quotation convention shall be 1 BCF per $100; minimum price fluctuation may vary by trade type. Please see table in Resolution 1 to this Chapter 18.
Listing Cycle
Up to 3 weeks of the EIA Weekly Gas Storage Inventory Number, or as otherwise determined by the exchange.
Last Trading Day
Trading shall cease at 10:28 am EPT the day of the EIA Storage Number.
Final Settlement
Reference Price A
REFERENCE PRICE A
NATURAL GAS-WEEKLY NATURAL GAS STORAGE REPORT-U.S. ENERGY INFORMATION ADMINISTRATION
a) Ref Price A - Description
"NATURAL GAS-WEEKLY NATURAL GAS STORAGE REPORT-U.S. ENERGY INFORMATION ADMINISTRATION" shall mean that the price for a Pricing Date will be that day's Specified Price of natural gas for the Delivery Date, stated in billion cubic feet (BCF), published on the EIA website: http://ir.eia.gov/ngs/ngs.html
b) Ref Price A - Pricing Date
First publication date of the Contract Period
c) Ref Price A - Specified Price
The implied flow estimate, excluding reclassifications in BCF as estimated by the EIA using both a 12-month moving average of working gas volumes and the latest weekly data for the previous week ending on Friday. The standard release time is 10:30 am EPT on Thursdays, with the following exceptions listed on their website. http://ir.eia.gov/ngs/schedule.html
d) Ref Price A - Pricing calendar
EIA Weekly Natural Gas Report
e) Ref Price A - Delivery Date
One Clearing House Business Day after the Last Trading Day
Final Payment Date
One Clearing House Business Day after 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
Singapore7:50 AM - 6:00 AM*
07:50 - 06:00
7:40 AM
07:40

*Next Day

Sunday Pre-Open 5:10 PM ET; Closed on Saturday

Codes

Clearing Admin Name
Henry EIA Week
Physical
EIW
Logical
EII
GMI (FC)
K=
ION A.C.N.
Symbol Code
EIW