- Trading Screen Product Name
- Dutch TTF Natural Gas 12-Month CSO
- Trading Screen Hub Name
- TTF
- Contract Symbol
DT0
- Contract Series
Up to 144 consecutive futures months paired with the twelfth month
from that month, or as otherwise determined by ICE Endex.
- Contract Size
1 MW per day during the forward month 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
Options: 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
- Price Quotation
The contract price is in Euros and Euro cents per
MWh
- Minimum Price Fluctuation
0.5 Euro Cent per MWh
- Tick Value
Contract Size x Minimum Trade Size x Minimum Price Flux
- Strike Price Increments
A minimum of 10 strike prices in increments of €0.10 above and
below the at-the-money Strike Price. Strike Price boundaries are
adjusted according to futures price movements. ICE Endex may add
one or more strike prices nearest to the last price listed as
necessary.
- Expiration Date
Trading will cease when the intraday settlement price of the
earlier of the two futures contract months in the spread pair
underlying futures contract is set, five calendar days before the
start of the futures contract month.
If that day is a non-business day or non-UK business day, expiry
will occur on the nearest prior business day, except where that day
is also the expiry date of the underlying futures contract, in
which case expiry will occur on the preceding business
day.
- Option Style
European Style
- Option Premium
Futures Style
- Exercise Procedure
Expires into a corresponding ICE Endex Dutch TTF Natural Gas
Futures contract with European-style exercise. If the option is not
abandoned, automatic exercise will occur for options which are one
or more ticks in the money.
Upon exercise, a 1 lot Dutch TTF Calendar Spread Option will expire
into;
1 lot in the front month Dutch TTF Natural Gas Futures contract at
the settlement price of the front month Dutch TTF Natural Gas
Futures contract.
1 lot in the forward month Dutch TTF Natural Gas Futures contract
at the settlement price of the front month Dutch TTF Natural Gas
Futures minus the strike price.
At-The-Money and Out-of-The-Money options will expire worthless.
Members will have up to one hour after cessation of trading on the
option expiry day to manually abandon or exercise an option.
- Exchange Rulebook
- MIC Code
- NDEX
- Clearing Venues
- ICEU