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Henry Hub Natural Gas Last Day Physically-Delivered Futures Contract Specs

Code MNG
Venue CME Globex, CME ClearPort, Open Outcry (New York)
Hours
(All Times are New York Time/ET)
CME Globex:  Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m.CT) Trade is Flow per day.
CME ClearPort: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT) Trade is Flow per day or Flow per month.
Open Outcry: Monday – Friday 9:00 a.m. – 2:30 p.m. (8:00 a.m. – 1:30 p.m. CT)
Contract Unit The unit of trading shall be 2,500 MMBtu. Transaction size shall be restricted to whole number multiples of the number of days in the contract month, provided however this restriction on transaction size does not apply to Exchange for Related Position transactions pursuant to Exchange Rule 538. A delivery tolerance of two percent (2%) above or below the unit of trading is permitted.
Price Quotation U.S. dollars and cents per mmBtu
Minimum Fluctuation The minimum fluctuation shall be in multiples of one tenth of one cent ($0.001) per MMBtu ($2.50 per contract), including spreads. Prices shall be quoted in dollars and cents per MMBtu. The maximum price fluctuation shall be consistent with the prevailing price limits of the Henry Hub Natural Gas futures contract rounded down on the upper limit and up on the lower limit to the nearest one cent increment.
Maximum Daily Price Fluctuation Trading halts and price limits for this contract are subject to the provisions governing Special Price Fluctuation Limits for Henry Hub Natural Gas Futures set forth in Chapter 220.
Termination of Trading Trading of any delivery month shall cease three (3) business days prior to the first day of the delivery month. In the event that the official Exchange holiday schedule changes subsequent to the listing of a Natural Gas futures, the originally listed expiration date shall remain in effect. In the event that the originally listed expiration day is declared a holiday, expiration will move to the business day immediately prior.
Listed Contracts 118 consecutive months
Settlement Type Physical
Grade and Quality Specifications Natural Gas meeting the specifications set forth in the FERC-approved tariff of Sabine Pipe Line Company as then in effect at the time of delivery shall be deliverable in satisfaction of futures contract delivery obligations.
Position Limits NYMEX Position Limits
Rulebook Chapter 1156
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.

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