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NYMEX ClearPort
All Swaps
Description
Settlements
Terms & Conditions
Basis Swaps
Specifications
Margins
Termination Schedule
Index Swaps
Specifications
Margins
Termination Schedule
Swing Swaps
Specifications
Margins
Chicago Index Swap Futures
Trading Unit
2,500 million British thermal units (mmBtu).
Price Quotation
U.S. dollars and cents per million Btus. Because this contract is priced on the differential between the average of the Platts Gas Daily during the contract month and the bidweek price provided by Natural Gas Intelligence for this location point, it can be quoted as either a positive or negative number.
Trading Hours (All times are New York time)
The contract is available for trading on the NYMEX ClearPort® trading platform from 6:00 PM Sundays through 5:15 PM Fridays, with a 45-minute break each day between 5:15 PM and 6:00 PM. Off-Exchange transactions can be submitted solely for clearing to the NYMEX ClearPort® clearing website as an exchange of futures for swaps (EFS) or exchange of futures for physicals (EFP) transaction until 5:15 PM, Monday through Friday, and the day preceding a holiday.
Minimum Price Fluctuation
The minimum trade fluctuation is $0.0025, and settlement fluctuations are in increments of $0.0001.
Trading Months
36 consecutive months.
Termination of Trading
Trading shall cease on the last business day of the month prior to the contract month
Last Settlement Date
Five business days after the last flow day.
Settlement Type
Financial, based on the average of the Platts Gas Daily price during the contract month minus the bidweek price provided by Natural Gas Intelligence Chicago City Gate index price.
Trading Symbol
IS
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