- Trading Screen Product Name
- SWE LNG (Spark) Futures
- Trading Screen Hub Name
- SWE
- Contract Symbol
SWL
- Contract Series
Up to 156 consecutive monthly contracts, or as otherwise determined
by the Exchange. Quarterly, seasonal, calendar, and any period of
consecutive monthly contracts can be registered as a strip
- Contract Size
10,000 MMBtu
- Unit of Trading
10,000 MMBtus
- Minimum Trading Size
"Futures: 1 lot = 10,000 MMBtu
Exchange for Physical (EFP): 1 lot = 10,000 MMBtu
Exchange for Swap (EFS): 1 lot = 10,000 MMBtu
Block Order : 5 lots = 50,000 MMBtu"
- Price Quotation
US Dollars and cents per MMBtu
- Minimum Price Fluctuation
One tenth of one cent per MMBtu ($0.001/MMBtu)
- Tick Value
Contract Size x Minimum Trade Size x Minimum Price Fluctuation
- Last Trading Day
Trading will cease at the end of the designated settlement period
two Business Days prior to the first calendar day of the delivery
period.
- Settlement Method
Financially Settled
- Final Settlement
The Final settlement price is calculated as the arithmetic mean of
the sum of the ICE Endex Dutch TTF Gas Base Load Futures (TFM) and
SparkSWE Basis on relevant Spark assessment days during the period
that the expiring month is the front month.
TFM settlement price is converted from Euro to US Dollar (USD)
using WM/Refinitiv Closing EUR/USD Spot Rates as published by
Refinitiv at 4pm UK time on the day the settlement price was
published by 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
- Exchange Rulebook
- MIC Code
- IFEU
- Clearing Venues
- ICEU