EIA End of Draw Index37042675
ICE Futures U.S.
EIA End of Draw Index
Description
Cleared market for the total working gas in underground storage for the lower 48 states, in 1 Billion Cubic Feet (BCF) as reported by U.S. Energy Information Administration (EIA) Weekly Natural Gas Report
Market Specifications
- Trading Screen Product Name
- NG Fin End of Draw Number (EIA)
- Trading Screen Hub Name
- US EIA
- Contract Symbol
- EIR
- Settlement Method
- Cash settlement
- Contract Size
- $10
- Currency
- USD
- Minimum Price Fluctuation
- The price quotation convention shall be 1 BCF per $10; minimum price fluctuation may vary by trade type. Please see Table in Resolution 1 to this Chapter 18.
- Listing Cycle
- The current natural gas withdrawal season, or as otherwise determined by the Exchange
- Last Trading Day
- Trading shall cease at 10:28 am EPT on the second EIA Weekly Natural Gas Report in April
- Final Settlement
- Reference Price A
- REFERENCE PRICE A
- NATURAL GAS-WEEKLY NATURAL GAS STORAGE REPORT-U.S. ENERGY INFORMATION ADMINISTRATION
- a) Ref Price A - Description
- "NATURAL GAS-WEEKLY NATURAL GAS STORAGE REPORT-U.S. ENERGY INFORMATION ADMINISTRATION" shall mean that the price for a Pricing Date will be that day's Specified Price of natural gas for the Delivery Date, stated in billion cubic feet (BCF), published on the EIA website: http://www.eia.gov/dnav/ng/ng_stor_wkly_s1_w.htm
- b) Ref Price A - Pricing Date
- First publication date of the Contract Period
- c) Ref Price A - Specified Price
- The total working gas in storage for the lower 48 states, as estimated by the EIA using both a 12-month moving average of working gas volumes and the latest weekly data for the previous week ending on Friday. The standard release time is 10:30 am EPT on Thursdays, with the following exceptions listed on their website. http://ir.eia.gov/ngs/schedule.html
- d) Ref Price A - Pricing calendar
- EIA Weekly Natural Gas Report
- e) Ref Price A - Delivery Date
- Week ending on the Friday prior to the contract period
- Final Payment Date
- One Clearing House Business Day after the Last Trading Day
- MIC Code
- IFED
- Clearing Venues
- ICEU
Related Products
Trading Hours
| City | Trading | Pre-Open |
|---|---|---|
| NEW YORK | 7:50 PM - 6:00 PM* 19:50 - 18:00 | 7:40 PM 19:40 |
| LONDON | 12:50 AM - 11:00 PM 00:50 - 23:00 | 12:40 AM 00:40 |
| SINGAPORE | 8:50 AM - 7:00 AM* 08:50 - 07:00 | 8:40 AM 08:40 |
*Next Day
Sunday Pre-Open 5:10 PM ET; Closed on Saturday
Codes
- Clearing Admin Name
- EIA Draw/Store
- Physical
- EIR
- Logical
- EIR
- GMI (FC)
- (/
- ION A.C.N.
- Symbol Code
- EIR