- Trading Screen Product Name
- UK NBP Natural Gas Futures
- Trading Screen Hub Name
- NBP
- Contract Symbol
M
- 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
1,000 therms per day per delivery period (i.e. month, quarter,
season or year).
- Unit of Trading
1,000 therms of natural gas per day (1 therm = 29.3071 kilowatt
hours)
- Minimum Trading Size
"Futures: 1 lot = 1,000 Allowances
Block Order: 5 lots = 5,000 Allowances "
- Markers
TAS (Trade at Settlement)
- Price Quotation
The contract price is in Sterling and pence per therm.
- Tick Value
Contract Size x Minimum Trade Size x Minimum Price Fluctuation
- 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.
- Settlement Method
Physical Delivery.
- End of Day Settlement Price
The weighted average price of trades during a ten-minute settlement
period from 16:05:00 to 16:15:00, London Local Time. If there is
low liquidity during this time, Quoted Settlement Prices (QSPs)
will be used to establish the settlement price.
- Delivery Terms
Expires into the ICE UK Natural Gas Futures contract with
European-style exercise. If the option is not abandoned, automatic
exercise will occur for options which are one or more ticks in the
money. At-The-Money and Out-of-The-Money options will expire
worthless. Members will have up to one hour after after cessation
of trading on the option expiry day to manually abandon or exercise
an option.
- Exchange Rulebook
- MIC Code
- IFEU
- Clearing Venues
- ICEU