Natural Gas (Henry Hub) Penultimate Financial
Futures
Natural Gas (Henry Hub) Penultimate Financial Futures - Contract Specs
| Contract Unit | 10,000 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 | 0.001 per MMBtu = $10.00 |
| Product Code | CME Globex: HP CME ClearPort: HP Clearing: HP |
| Listed Contracts | Monthly contracts listed for the current year and the next 5 calendar years. List monthly contracts for a new calendar year following the termination of trading in the December contract of current year. |
| Settlement Method | Financially Settled |
| Floating Price | The Floating Price for each contract month will be equal to the NYMEX (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). |
| TAM or TAS Rules | Trading at settlement is available for the front two months and is subject to the existing TAS rules of the underlying respective physical products. Trading in all TAS products will cease daily at 2:30 PM Eastern Time. The TAS products will trade off of a "Base Price" of 100 to create a differential (plus or minus) in points off settlement in the underlying cleared product on a 1 to 1 basis. A trade done at the Base Price of 100 will correspond to a "traditional" TAS trade which will clear exactly at the final settlement price of the day. |
| 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. Natural Gas (Henry Hub) Penultimate Finacial Futures Settlement Procedures |
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