ICE Henry Penultimate 4-Month Calendar Spread

From MarketsWiki
Revision as of 19:18, 26 January 2021 by OwenRehling (talk | contribs) (Created page with "{{Random_adbox}} A monthly cash settled Exchange Futures contract based upon the mathematical result of subtracting the monthly price published by NYMEX for the Fifth Nearby M...")
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigation Jump to search


ADMIS-logo-200px.jpg


A monthly cash settled Exchange Futures contract based upon the mathematical result of subtracting the monthly price published by NYMEX for the Fifth Nearby Month, as specified in Reference Price B, from the monthly price published by NYMEX for the First Nearby Month, as specified in Reference Price A.

Henry Penultimate 4-Month Calendar Spread Future
Trading Screen Product Name NG Pen Futures
Trading Screen Hub Name Henry CSO 4 Month
Contract Symbol HHR
Settlement Method Cash settlement
Contract Size 2500 MMBtus
Currency USD
Minimum Price Fluctuation The price quotation convention shall be One hundredth of a cent ($0.0001) per MMBtu; minimum price fluctuation may vary by trade type. Please see Table in Resolution 1 to this Chapter 18.
Listing Cycle Up to 72 consecutive monthly Contract Periods, or as otherwise determined by the Exchange.
Last Trading Day Four Business Days prior to the first calendar day of the Contract Period
Final Settlement Reference Price A minus Reference Price B
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 One Business Day prior to the 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
REFERENCE PRICE B NATURAL GAS-NYMEX.
a) Ref Price B - 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 B - Pricing Date One Business Day prior to the last scheduled trading day of the NYMEX Henry Hub Natural Gas Futures Contract for the Contract Period
c) Ref Price B - Specified Price Settlement Price
d) Ref Price B - Pricing Calendar NYMEX
e) Ref Price B - Delivery Date Fifth Nearby Month
Final Payment Date The first Clearing Organization business day following the Last Trading Day
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; Closed on Saturday

Codes Clearing Admin Name Henry CSO
Physical HHR
Logical HHR
GMI (FC) 0M
ION A.C.N. None
Henry Penultimate 4-Month Calendar Spread Options
Trading Screen Product Name NG Pen Futures
Trading Screen Hub Name Henry CSO 4 Month
Contract Symbol HHR
Settlement Method Exercise into Underlying Futures Contract
Contract Size 2500 MMBtus
Currency USD
Minimum Price Fluctuation The price quotation convention shall be One hundredth of a 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 72 consecutive monthly Contract Period
Last Trading Day At 2:30pm EPT on the fourth Business Day prior to the first calendar day of the Contract Period
Option Style European
Exercise Automatic Only

Manual exercise or abandon is not permitted

Options which are "in the money", with respect to Reference Price A, exercise automatically into the Underlying Futures Contract with a contract price equal to the Strike Price. Options which are "out of the money", expire automatically.

Exercise Day is the Last Trading Day

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 One Business Day prior to the 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
REFERENCE PRICE B NATURAL GAS-NYMEX
a) Ref Price B - 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 B - Pricing Date One Business Day prior to the last scheduled trading day of the NYMEX Henry Hub Natural Gas Futures Contract for the Delivery Date
c) Ref Price B - Specified Price Settlement Price
d) Ref Price B - Pricing Calendar NYMEX
e) Ref Price B - Delivery Date Fifth Nearby Month
Strike Price Listing Provisions A minimum of 10 Strike Prices in increments of $0.25 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 5:40 PM ET; Closed on Saturday

Codes Clearing Admin Name Henry CSO
Physical HHR
Logical HHR
GMI (FC) 0M
ION A.C.N. None

Notes[edit]

References[edit]

Resources[edit]

ICE Henry Penultimate 4-Month Calendar Spread Product Spec

ICE Option on Henry Penultimate 4-Month Calendar Spread Product Spec