Henry Hub Natural Gas Penultimate Financial Futures - Contract Specs
| Contract Unit | 2,500 MMBtu |
|---|---|
| Price Quotation | U.S. dollars and cents per MMBtu |
| Trading Hours | Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT) |
| Minimum Price Fluctuation | CME Globex: 0.001 per MMBtu = $2.50 NP:NNE Inter-commodity spread: 0.00025 per MMBtu CME ClearPort: 0.001 per MMBtu = $2.50 |
| Product Code | CME Globex: NPG CME ClearPort: NP Clearing: NP |
| Listed Contracts | Monthly contracts listed for the current year and the next 12 calendar years. List montly contracts for a new calendar year following the termination of trading in the December contract of the current year. |
| Settlement Method | Financially Settled |
| Floating Price | The Floating Price for each contract month will be equal to the Henry Hub Natural Gas Futures contract settlement price for the corresponding contract month on the business day preceding the last trading day for that contract month. |
| Termination of Trading | Trading terminates on the 4th last business day of the month prior to the contract month (1 business day prior to the termination of trading in the corresponding contract month for Henry Hub Natural Gas Futures. |
| Settlement Procedures | Delivery under the NYMEX Henry Hub Natural Gas Penultimate Swap contract shall be by cash settlement. Final settlement, following termination of trading for a contract month, will be based on the Floating Price. The final settlement price will be the Floating Price calculated for each contract month. Henry Hub Penultimate NP Futures Settlement Procedures |
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