ICE Henry LD1 Fixed Price

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A monthly cash settled Exchange Futures Contract based upon the monthly price published by NYMEX for the location specified in Reference Price A.

Henry LD1 Fixed Price Futures
Trading Screen Product Name NG LD1 Futures
Trading Screen Hub Name Henry
Contract Symbol H
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. Please see Table in Resolution 1 to this Chapter 18.
Listing Cycle Up to 156 consecutive monthly Contract Periods
Last Trading Day Three Business Days prior to the first calendar day of the Contract Period
Final Settlement Final Settlement
REFERENCE PRICE A NATURAL GAS-NYMEX
a) Ref Price A - Description "NATURAL GAS-NYMEX" means that the price for a Pricing Date will be that day's Specified Price per MMBTU of natural gas on the NYMEX of the Henry Hub Natural Gas Futures Contract for the Delivery Date, stated in U.S. Dollars, as made public by the NYMEX on that Pricing Date.
b) Ref Price A - Pricing Date Last scheduled trading day of the NYMEX Henry Hub Natural Gas Futures Contract for the Delivery Date
c) Ref Price A - Specified Price Settlement price
d) Ref Price A - Pricing calendar NYMEX
e) Ref Price A - Delivery Date Contract Period
Final Payment Date The first Clearing Organization business day following the Last Trading Day
Markers TAS (Trade at Settlement)[1]MM (Minute Marker)[2]

Sing MM (Singapore Minute Marker)[3]

MIC Code IFED
Clearing Venues ICEU
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; Sunday Open 5:50 PM ET; Closed on Saturday

Codes Clearing Admin Name Henry Nat Gas
Physical H
Logical HNG
GMI (FC) NN
ION A.C.N. R754
Henry Cal 1X Fixed Price Options
Trading Screen Product Name Natural Gas NYMEX LD1 Futures
Trading Screen Hub Name Henry Cal 1x
Contract Symbol HHA
Settlement Method Exercise into Underlying Futures Contract
Contract Size 2,500 MMBtus
Currency USD
Minimum Price Fluctuation The price quotation convention shall be one hundredth of cent ($0.0001) per MMBtu; minimum price fluctuation may vary by trade type. Please see Table in Resolution 1 to this Chapter 18.
Contract Series Up to 10 consecutive January - December yearly Contract Periods, or as otherwise determined by the Exchange.
Last Trading Day At 2:30pm EPT on the sixth Business Day prior to the first calendar day of the first Contract Period in the basket
Option Style European
Exercise Automatic Only

Manual exercise or abandon is not permitted

Exercise Day: The Last Trading Day

Automatic Exercise Provisions Options which are ""in the money"", with respect to the weighted average of the Reference Price A prices, will exercise automatically into twelve Underlying Futures Contracts, one for each contract month in the Contract Period, with a contract price equal to the Strike Price. The weighted average shall be determined by multiplying the Specified Price for each Delivery Date, as specified in Reference Price A, by its Weighting Factor to determine the weighted prices, summing the weighted prices, and then dividing that sum by the sum of the Weighting Factors.

For purposes of this Exchange Option, the ""Weighting Factor"" shall mean a number equal to the number of calendar days in the Contract Period of the Underlying Futures Contract. Each Contract Period in the basket will have its own Weighting Factor.

If the option is ""out of the money"", then it expires automatically.

REFERENCE PRICE A NATURAL GAS-ICE
a) Ref Price A - Description "NATURAL GAS-ICE" means that the price for a Pricing Date will be that day's Specified Price per MMBtu of natural gas on ICE of the Henry Hub Natural Gas Futures Contract for the Delivery Date, stated in U.S. Dollars, as made public by ICE on that Pricing Date
b) Ref Price A - Pricing Date Three Business Days prior to the last scheduled trading day of the ICE Henry Hub Natural Gas Futures Contract for the Contract Period in the basket
c) Ref Price A - Specified Price Settlement price
d) Ref Price A - Pricing calendar NYMEX
e) Ref Price A - Delivery Date Each Contract Period in the basket
Strike Price Listing Provisions A minimum of 10 Strike Prices in increments of $1.00 per MMBtu above and below the at-the-money Strike Price. Strike Price boundaries are adjusted according to futures price movements. User-defined Strike Prices are allowed in $0.001 increments.
MIC Code IFED
Clearing Venues ICEU
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; Sunday Open 5:50 PM ET; Closed on Saturday

Codes Clearing Admin Name Henry Nat Gas
Physical HHA
Logical HHA
GMI (FC) None
ION A.C.N. None

Notes[edit]

References[edit]

  1. TAS. {{{org}}}.
  2. MM. {{{org}}}.
  3. Sing MM. {{{org}}}.

Resources[edit]

ICE Henry LD1 Fixed Price Future Product Spec

ICE Henry Cal 1X Fixed Price Options Product Spec