- Trading Screen Product Name
- German THE Gas 1st Line Financial Futures (USD/MMBtu)
- Trading Screen Hub Name
- THE
- Contract Symbol
THE
- Contract Series
Up to 156 consecutive monthly Contract Periods, 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
10,000 MMBtu
- Unit of Trading
Any multiple of 10,000 MMBtus
- Minimum Trading Size
Futures: 1 lot = 10,000 MMBtu
Exchange for Physical (EFP): 1 lot = 10,000 MMBtu
Exchange for Swap (EFS): 1 lot = 10,000 MMBtu
Block Order : 5 lots = 50,000 MMBtu
- Price Quotation
The contract price is in United States dollar and cent per
MMBTU
- Minimum Price Fluctuation
One tenth of one cent per MMBtu ($0.001/MMBtu)
- Tick Value
Contract Size x Minimum Trade Size x Minimum Price Fluctuation
- Last Trading Day
Trading will cease at the end of the designated settlement period
two Business Days prior to the first calendar day of the delivery
period.
- Settlement Method
Financially Settled
- Cash Settlement Price
"The final settlement price for a German THE Natural Gas 1st Line
Financial Futures (USD/MMBTU) contract is calculated as the
arithmetic mean of the settlement prices as published by ICE Endex
for the German THE Natural Gas Base Load Futures (GNM) on each
Trading Day during the period that the expiring month is the front
month.
Every settlement price is converted from Euro to United State
dollar (USD) using the WM/Refinitiv Closing EURUSD Spot Rates as
published by Refinitiv at 4 pm UK time on the day the settlement
price was published by the ICE Endex. When there is no WM/Refinitiv
Closing EURUSD Spot Rate published, the next previous WM/Refinitiv
Closing EURUSD Spot Rate as published by Refinitiv will be used for
settlement purposes."
- Final Payment Date
Two Clearing House Business Days following the Last Trading
Day
- Exchange Rulebook
- MIC Code
- IFEU
- Clearing Venues
- ICEU