- Trading Screen Product Name
- IFEU Dutch TTF Natural Gas Futures
- Trading Screen Hub Name
- TTF
- Contract Symbol
TFN
- 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
1 MW per day in contract period (i.e. month, quarter, season or
year) x 23, 24 or 25 hours (summer or winter time).
- Unit of Trading
1 MW
- Minimum Trading Size
Electronic Futures: 5 lots = 5 MW
Exchange for Physical (EFP): 1 lot = 1 MW
Exchange for Swap (EFS): 1 lot = 1 MW
Block Order: 1 lot = 1 MW
- Markers
TAS
(Trade at Settlement)
- Price Quotation
The contract price is in Euros and Euro cents per MWh
- Minimum Price Fluctuation
0.5 Euro Cents Per MWh (€0.005/MWh)
- Tick Value
Contract Size x Minimum Trade Size x Minimum Price Flux
- Last Trading Day
Trading will cease at the close of business two UK Business Days
prior to the first calendar day of the delivery month, quarter,
season, or calendar.
TAS trading shall cease at the start of the designated settlement
period two business days prior to the first calendar day of the
delivery month.
- Settlement Method
Physical Delivery
- Cash Settlement Price
Will be the end of day Settlement Price on the Last Trading day of
the contract.
- Delivery Terms
Matching Acquiring and Disposing Trade Nominations (buyer from
ICEU, seller to ICEU) are input by ICE to GTS
via Edig@s before 13:00 (CET) on each business day prior
to the commencement of the delivery period. Delivery takes place in
kilowatt-hours per hour. The EDSP will be the end of day Settlement
Price on the day the contract expires.
- Exchange Rulebook
- MIC Code
- IFEU
- Clearing Venues
- ICEU