Physical Natural Gas delivered firm at specified location for a pre-determined FIXED PRICE
Market Specifications
Trading Screen Product Name
NG Firm Phys, ID, NGI
Trading Screen Hub Name
NGPL-Nicor
Contract Symbol
YHJ
Contract Size
100 MMBtus per lot
Quotation
Net quantity quoted as volume per day and determined by multiplying the number of Contracts (or listed volume) times the number of days in the Contract.
Currency
US Dollars and cents
Minimum Price Fluctuation
$0.0025 per MMBtu
Maximum Price Fluctuation
No limits
Last Trading Day
One business day prior to the first calendar day of the delivery month
Fixed Price
The traded price agreed upon between buyer and seller.
Daily Settlement
Daily settlement will be determined by Intercontinental Exchange,
Inc. using price data from a number of sources including spot,
forward, and derivative markets for both physical and financial
products.
Final Settlement
The Index Price, as reported by Natural Gas Intelligence's on the
first of month publication following Contract delivery plus the
Contract Price