- Trading Screen Product Name
- UK NBP Natural Gas 1st Line Financial Futures (USD/MMBtu)
- Trading Screen Hub Name
- NBP
- Contract Symbol
UKD
- 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
10,000 MMBtu
- Unit of Trading
10,000 MMBtus
- Minimum Trading Size
"Futures: 1 lot = 10,000 MMBtu
Exchange for Physical (EFP): 1 lot = 10,000 MMBtu
Exchange for Swap (EFS): 1 lot = 10,000 MMBtu
Block Order : 5 lots = 50,000 MMBtu"
- Price Quotation
The contract price is in United States dollar and cent per MMBTU
- Minimum Price Fluctuation
One tenth of one cent per MMBtu ($0.001/MMBtu).
- Tick Value
Contract Size x Minimum Trade Size x Minimum Price Fluctuation
- Last Trading Day
Trading will cease at the end of the designated settlement period
two Business Days prior to the first calendar day of the delivery
period.
- Settlement Method
Financially Settled
- Cash Settlement Price
"The final settlement price for a UK NBP Natural Gas 1st Line
Financial Futures (USD/MMBTU) contract is calculated as the
arithmetic mean of the settlement prices as published by the
exchange for ICE UK Natural Gas Futures on each Trading Day during
the period that the expiring month is the front month.
Every settlement price is converted from Pound Sterling (GBP) to
United State dollar (USD) using the WM/Refinitiv Closing GBPUSD
Spot Rates as published by Refinitiv at 4 pm UK time on the day the
settlement price was published by the Exchange. When there is no
WM/Refinitiv Closing GBPUSD Spot Rate published, the next previous
WM/Refinitiv Closing GBPUSD Spot Rate as published by Refinitiv
will be used for settlement purposes."
- Final Payment Date
Two Clearing House Business Days following the Last Trading Day
- Exchange Rulebook
- MIC Code
- IFEU
- Clearing Venues
- ICEU