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National Balancing Point (NBP) Henry Hub Basis Swap Futures
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National Balancing Point (NBP) Henry Hub Basis Swap Futures
Product Symbol E2
Venue CME ClearPort, Open Outcry (New York)
Hours
(All Times are New York Time/ET)		 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)
Open Outcry: Monday – Friday 9:00 AM to 2:30 PM (8:00 AM to 1:30 PM CT)
Contract Unit 2,500 MMBtu
Price Quotation U.S. dollars and cents per MMBtu
Minimum Fluctuation $0.001 per MMBtu
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 Swap 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 on the last business day of the month prior to the contract month.
Listed Contracts 18 consecutive months on a quarterly roll
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 332
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.