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Description

Contracts are for physical delivery through the transfer of rights in respect of Natural Gas at the Zeebrugge Trading Point (ZTP) Virtual Trading Point, operated by Fluxys Belgium S.A.. Delivery is made equally each hour throughout the delivery period from 06:00 (CET) on the first day of the month until 06:00 (CET) on the first day of the next month.

Market Specifications

Trading Screen Product Name

Belgian ZTP Natural Gas Futures

Trading Screen Hub Name

ZTP

Contract Symbol

ZTP

Contract Series

Up to 156 consecutive month contracts, or as otherwise determined by ICE Endex. Quarterly, seasonal, calendar, and any period of consecutive monthly contracts can be registered as a strip 

Contract Size

1 MW per day in contract 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

Futures: 5 lots = 5 MW
Exchange for Physical (EFP): 1 lot = 1MW
Exchange for Swap (EFS): 1 lot = 1MW
Block Order: 1 lot = 1MW

Price Quotation

The contract price is in Euros and Euro cents per MWh

Minimum Price Fluctuation

0.5 Euro Cent per MWh (€0.005/MWh) 

Tick Value

Contract Size x Minimum Trade Size x Minimum Price Flux.

Last Trading Day

Trading will cease at the close of business two UK Business Days prior to the first calendar day of the delivery month, quarter, season, or calendar.

Settlement Method

Physical Delivery

Exchange Delivery Settlement Price

Will be the end of day Settlement Price on the Last Trading Day of the contract.

Delivery Terms

Matching Acquiring and Disposing Trade Nominations (buyer from ICEU, seller to ICEU) are input by ICE to Fluxys Belgium S.A via Edig@s before 13:00 (CET) on each business day prior to the commencement of the delivery period. Delivery takes place in kilowatt-hours per hour.

MIC Code

NDEX

Clearing Venues

ICEU

Trading Hours

Codes