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SoCal 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: NS
CME ClearPort: NS
Clearing: NS
Listed Contracts CME Globex 36 Consecutive Months
CME ClearPort: 72 Consecutive Months
DEFAULT Current year plus next five years
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month will be equal to the bidweek price (average) ("Bidweek Price") for the Southern California Gas Co. Border Avg. 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 520
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing