UK NBP Natural Gas Last Day Financial Futures (USD/MMBTU)67129867
ICE Futures U.S.
UK NBP Natural Gas Last Day Financial Futures (USD/MMBTU)
Description
A monthly cash settled Exchange Futures Contract based upon the settlement price as published by ICE Futures Europe for the ICE UK Natural Gas Futures (M) contract converted to United State dollar (USD) using the WMR Closing GBPUSD Spot Rates as published by Refinitiv at 4 pm UK time.
Market Specifications
- Trading Screen Product Name
- UK Natural Gas Last Day Futures (USD/MMBtu)
- Trading Screen Hub Name
- NBP
- Contract Symbol
- UNF
- Settlement Method
- Cash settlement
- Contract Size
- 2500 MMBtus
- Currency
- USD
- Minimum Price Fluctuation
- The price quotation convention shall be One tenth of a cent ($0.001) per MMBtu; minimum price fluctuation may vary by trade type.
- Listing Cycle
- 78-83 consecutive months.
11-13 consecutive qtrs. Quarters are strips of three individual and consecutive contract months. Quarters always comprise a strip of Jan-Mar, Apr-Jun, Jul- Sep or Oct-Dec.
13-14 consecutive European gas seasons. European gas Seasons are strips of six individual and consecutive contract months and comprise a strip of Apr-Sep or Oct-Mar.
13-14 consecutive US gas seasons. US winter seasons are strips of five individual and consecutive contract months. US winter seasons always comprise a strip of Nov-Mar. US summer seasons are strips of seven individual and consecutive contract months and comprise a strip of Apr-Oct.
6 consecutive years. - Last Trading Day
- Trading will cease at the close of business two Business Days prior to the first calendar day of the delivery month, quarter, season or calendar year.
- Final Settlement
- Reference Price A
- REFERENCE PRICE A
- UK Natural Gas NBP Future (M) - ICE Futures Europe
- a) Ref Price A - Description
- "UK Natural Gas NBP Future (M) - ICE Futures Europe " means that the price for a Pricing Date will be that day's Specified Price per MMBTU of natural gas on ICE Futures Europe for the UK Natural Gas NBP Future Contract (M) for the Delivery Date, stated in pence Sterling per therm, as made public by ICE Futures Europe on that Pricing Date. The price for a Pricing Date is converted to United States dollar (USD) using the WMR Closing GBPUSD Spot Rate as published by Refinitiv at 4 pm UK time. When there is no WMR Closing GBPUSD Spot Rate published, the next previous
- b) Ref Price A - Pricing Date
- Last scheduled trading day of the ICE Futures Europe UK Natural Gas NBP Futures (M) Futures Contract for the Delivery Date.
- c) Ref Price A - Specified Price
- Settlement price
- d) Ref Price A - Pricing calendar
- ICE Futures Europe
- e) Ref Price A - Delivery Date
- Contract Period
- Final Payment Date
- The first Clearing Organization business day following the Last Trading Day.
- Disclaimer
- The WMR Closing Spot Rate is used under license from Refinitiv. The use of the WMR Closing Spot Rate does not imply or express any approval or endorsement by Refinitiv of the products listed on the Exchange. The WMR Closing Spot Rate is proprietary to Refinitiv.
- 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 | 7:50 AM - 6:00 AM* 07:50 - 06:00 | 7:40 AM 07:40 |
*Next Day
Sunday Pre-Open 5:10 PM ET; Sunday Open 5:50 PM ET; Closed on Saturday
Codes
- Clearing Admin Name
- UK UNF Master
- Physical
- UNF
- Logical
- UKD
- GMI (FC)
- KX
- ION A.C.N.
- Symbol Code
- UNF