- Trading Screen Product Name
- UK NBP Natural Gas Daily Futures
- Trading Screen Hub Name
- NBP
- Contract Symbol
NBD
- Contract Series
Up to 92 consecutive daily contracts or as otherwise determined and
announced by the Exchange from time to time. All Daily Products are
strips of one or more daily contracts and are listed in
parallel.
1 Day-Ahead contract (DA)
1 Balance of Week contract (BOW)
1 Weekend contract (W/END)
1 Saturday contract (Saturday)
1 Sunday contract (Sunday)
1 Working Days Next Week contract (WK/DYNW)
1 Balance of Month contract (BOM)
Up to 2 Month Contracts.
- Contract Size
1,000 therms per day per delivery period (ie 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: 5 lots = 5,000 therms per day
- Markers
TIC (Trade at Index Close) ICIS
- Price Quotation
The contract price is in Sterling and pence per therm
- Minimum Price Fluctuation
0.01 pence per therm (£0.001/therm)
- Tick Value
Contract Size x Minimum Trade Size x Minimum Price Fluctuation
- Last Trading Day
Trading of will cease at the close of business on the business day
prior to the start of the delivery period.
- Settlement Method
Physical Delivery
- End of Day Settlement Price
The Settlement Price is the weighted average price of trades during
a 15 minute period from 16:15 London Time.
- Final Payment Date
Matching Acquiring and Disposing Trade Nominations (buyer from
ICEU, seller to ICEU) are input by buyer and seller to National
Grid via Gemini before 18:30 on each business day prior to the
commencement of the delivery period. Delivery takes place in
kWhs.
- Exchange Rulebook
- MIC Code
- IFEU
- Clearing Venues
- ICEU