- Trading Screen Product Name
- NG Basis LD1 for IF Futures
- Trading Screen Hub Name
- Iroquois (into)
- Contract Symbol
IRB
- Settlement Method
Cash settlement
- Contract Size
2500 MMBtus
- Currency
USD
- Minimum Price Fluctuation
The price quotation convention shall be One hundredth of a cent
($0.0001) per MMBtu; minimum price fluctuation may vary by trade
type. Please see Table in Resolution 1 to this Chapter 18.
- Listing Cycle
Up to 120 consecutive monthly Contract Periods, or as otherwise
determined by the Exchange.
- Last Trading Day
The last Business Day prior to the first calendar day of the Contract Period
- Final Settlement
Reference Price A minus Reference Price B
- REFERENCE PRICE A
NATURAL GAS-NORTHEAST-(IROQUOIS, RECEIPTS)-INSIDE FERC
- a) Ref Price A - Description
a) Description: "NATURAL GAS-NORTHEAST-(IROQUOIS, RECEIPTS)-INSIDE
FERC means that the price for a Pricing Date will be that day's
Specified Price per MMBTU of natural gas for delivery on the
Delivery Date, stated in U.S. Dollars, published under the heading
"Monthly Bidweek Spot Gas Prices ($/MMBtu): Northeast: Iroquois,
receipts : Index" in the issue of Inside FERC that reports prices
effective on that Pricing Date.
- b) Ref Price A - Pricing Date
First publication date of Contract Period
- c) Ref Price A - Specified Price
Index
- d) Ref Price A - Pricing calendar
Inside FERC
- e) Ref Price A - Delivery Date
Contract Period
- REFERENCE PRICE B
NATURAL GAS-NYMEX
- a) Ref Price B - Description
"NATURAL GAS-NYMEX" means that the price for a Pricing Date will be
that day's Specified Price per MMBtu of natural gas on the NYMEX of
the Henry Hub Natural Gas Futures Contract for the Delivery Date,
stated in U.S. Dollars, as made public by the NYMEX on that Pricing
Date.
- b) Ref Price B - Pricing Date
Last scheduled trading day of the NYMEX Henry Hub Natural Gas
Futures Contract for the Delivery Date
- c) Ref Price B - Specified Price
Settlement price
- d) Ref Price B - Pricing Calendar
NYMEX
- e) Ref Price B - Delivery Date
Contract Period
- Final Payment Date
The third Clearing Organization business day following the Last
Trading Day
- MIC Code
- IFED
- Clearing Venues
- ICEU