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Malin Natural Gas (Platts IFERC) 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 $0.0001 per MMBtu
Product Code CME Globex: PBN
CME ClearPort: PB
Clearing: PB
Listed Contracts The current year plus the next five years. 
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month will be equal to the bidweek price (average) for PG&E Malin, Ore. under the California heading found in Platts Inside Ferc (IFERC) Gas Market Report, “Market Center Spot Gas Prices” minus the NYMEX (Henry Hub) Natural Gas Futures contract final settlement price for the corresponding contract month.
Termination Of Trading Trading shall cease on the last business day of the month prior to the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 623
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing