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National Balancing Point (NBP) Henry Hub Basis Futures Contract Specs

Contract Unit 2,500 MMBtu
Price Quotation U.S. dollars and cents per MMBtu
Trading Hours CME Globex: Sunday - Friday 6:00 p.m. - 5:15 p.m. New York time/ET (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)
CME ClearPort: Sunday - Friday 6:00 p.m. - 5:15 p.m. New York time/ET (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)
Minimum Price Fluctuation $0.001 per MMBtu
Product Code CME Globex: AE2
CME ClearPort: E2
Clearing: E2
Listed Contracts CME Globex: 1 consecutive month
CME ClearPort: 18 consecutive months on a quarterly roll
DEFAULT 17 monthlies listed Mar, Jun, Sep, Dec
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month will be equal to the ICE UK Natural Gas Futures contract (NBP) settlement price (in British Pence per Therm) divided by ten (10), and then converted from British Sterling and British Pence per million British thermal units (MMBtu)to US dollars per MMBtu using the CME British Pound / U.S. Dollar 15-minute Weighted Average Derived Spot Price starting at 16:00 Local London time and developed for the National Balancing Point / Henry Hub Natural Gas Basis Futures contract of the corresponding contract month minus the 15-minute Weighted Average Price of NYMEX (Henry Hub) Natural Gas Futures contract starting at 16:00 Local London time for the corresponding contract month.
Termination Of Trading Trading shall cease three business days prior to the first day of the contract month. If this business day is not a common business day for the ICE UK Natural Gas Futures contract (NBP) and the NYMEX (Henry Hub) Natural Gas Futures contract, the Termination of Trading will occur on the prior common business day.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 332
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing