Panhandle Natural Gas (Platts IFERC) Basis Futures Contract Specs
| Contract Unit | 2,500 MMBtu | ||||
| Price Quotation | U.S. dollars and cents per MMBtu | ||||
| Trading Hours | Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT) | ||||
| Minimum Price Fluctuation | 0.0001 per MMBtu = $2.50 | ||||
| Product Code | CME Globex: PHCME ClearPort: PHClearing: PH | ||||
| Listed Contracts | Monthly contract listed through and including December 2021 | ||||
| Settlement Method | Financially Settled | ||||
| Floating Price | The Floating Price for each contract month will be equal to the Platts Inside FERC's Gas Market Report ("Platts IFERC") Panhandle Eastern Pipe Line Co., Texas, Oklahoma (mainline) Index ("Index") published in the first regular issue of the contract month minus the Henry Hub Natural Gas Futures contract final settlement price for the corresponding contract month. | ||||
| Termination Of Trading | Trading terminates on the last business day of the month prior to the contract month. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Exchange Rulebook | NYMEX 525 | ||||
| Block Minimum | Block Minimum Thresholds | ||||
| Vendor Codes | Quote Vendor Symbols Listing | ||||
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