DELIVERY PROCEDURES

i.

1. DEFINITIONS ....................................................................................Error! Bookmark not defined.

2. CLEARING HOUSE AUTHORITY...................................................Error! Bookmark not defined.

3. DELIVERY SPECIFICATION...........................................................Error! Bookmark not defined.

4. LIABILITY .........................................................................................Error! Bookmark not defined.

5. DELIVERY CONTRACT SECURITY ..............................................Error! Bookmark not defined.

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7. DELIVERY TIMETABLE FOR ICE ENDEX FRENCH PEG NATURAL GAS: FAILED 

DELIVERY .........................................................................................Error! Bookmark not defined.

8. INVOICE AND ACCOUNT SALE CALCULATION .......................Error! Bookmark not defined.

9. DELIVERY DOCUMENTATION SUMMARY................................Error! Bookmark not defined.

PART II: ICE FUTURES EUROPE DUTCH TTF NATURAL GAS FUTURES CONTRACT (“ICE 

FUTURES EUROPE DUTCH TTF NATURAL GAS FUTURES”)................................................... 2

1. DEFINITIONS ..................................................................................................................................... 2

2. CLEARING HOUSE AUTHORITY.................................................................................................... 3

3. DELIVERY SPECIFICATION............................................................................................................ 3

4. LIABILITY .......................................................................................................................................... 4

5. DELIVERY CONTRACT SECURITY ............................................................................................... 4

6. DELIVERY TIMETABLE FOR ICE FUTURES EUROPE DUTCH TTF NATURAL GAS: 

ROUTINE............................................................................................................................................. 4

7. DELIVERY TIMETABLE FOR ICE FUTURES EUROPE DUTCH TTF NATURAL GAS: 

FAILED DELIVERY ........................................................................................................................... 7

8. INVOICE AND ACCOUNT SALE CALCULATION........................................................................ 8

9. DELIVERY DOCUMENTATION SUMMARY................................................................................. 9
EUROPE/2023514698.2

3. AUTHORISED SIGNATORIES

Clearing Members, or their Transferor(s) or Transferee(s), must ensure that all delivery documents that 

require signature are signed by a director or officer who is properly authorised to sign such 

documentation on behalf of the Clearing Member. The Clearing House is entitled to rely upon the 

information specified in all forms and documents submitted by Buyers, Sellers, Transferors and 

Transferees without making any enquiry, investigation or check as to the accuracy of the information or 

whether the signatory is authorised to sign or submit the form or document to the Clearing House.

4. CLEARING MEMBER ACCOUNTS

No offset is allowed for either physical delivery or financial settlement between Clearing Members’

Proprietary Account and Customer Account. Separate delivery documentation is required for each 

such Account.

5. TRANSFERORS AND TRANSFEREES

5.1 Each ICE Futures UK NBP Natural Gas Futures Contract, ICE Futures UK NBP Natural Gas 

(EUR/MWh) Futures Contract, ICE Futures UK NBP Natural Gas Daily Futures Contract, ICE Endex 

UK OCM Natural Gas Spot Contract, ICE UK Base Electricity Futures Contract (Gregorian), ICE UK 

Peak Electricity Futures Contract (Gregorian), ICE Deliverable US Emissions Contract (Bilateral 

Delivery), ICE Deliverable Carbon Credit (Bilateral Delivery), ICE Endex Dutch TTF Natural Gas

Futures Contract, ICE Endex Dutch TTF Natural Gas Working Days Next Week Futures Contract, ICE 

Endex Dutch TTF Natural Gas Daily Futures Contract, ICE Endex Italian PSV Natural Gas Futures

Contract, ICE Endex German THE Natural Gas Futures Contract, ICE Endex German THE Natural

Gas Daily Futures Contract, ICE Endex Spot Market TTF Natural Gas Spot Contract, ICE Endex 

Dutch Power Futures Contract, ICE Endex Belgian Power Base Load Futures Contract, ICE Endex

Austrian CEGH VTP Natural Gas Futures Contract, ICE Endex Austrian CEGH VTP Natural Gas 

Daily Futures Contract, ICE ENDEX French PEG Natural Gas Futures Contract, ICE Endex French

PEG Natural Gas Daily Futures Contract a n d ICE Futures Europe Dutch TTF Natural Gas Futures 

Contract subject to delivery obligations allows Sellers and Buyers to nominate Transferors and 

Transferees respectively. A Transferor or Transferee may be a Seller or Buyer, respectively, itself.

Transferors and Transferees are permitted to make or take delivery of Natural Gas, Electricity or 

Allowances to or from the Clearing House by the prescribed delivery method. The Clearing House

permits the nomination of Transferors or Transferees for reasons of convenience of Clearing Members 

only. Notwithstanding the appointment of a Transferor or Transferee, the relevant Clearing Member 

remains at all times fully responsible for meeting all of its obligations and liabilities to the Clearing

House.

5.2 A Clearing Member may appoint a Representative (which may be another Clearing Member) to 

undertake delivery administration or obligations.

5.3 A person who is not the Buyer, Seller or the Clearing House shall have no right under the Contracts 

(Rights of Third Parties) Act 1999 to enforce any provision of a Contract (including any requirement of 

these Delivery Procedures). As further described in Rule 111, the Clearing House is not liable to or for 

Transferors or Transferees.

5.4 Where separate procedures apply to a Transferor/Transferee who is not the Seller/Buyer, this is 

indicated in these Delivery Procedures. Any form to be completed and submitted to the Clearing 

House by a Transferor/Transferee shall be signed by an authorised signatory of the 

Transferor/Transferee. The Clearing House is entitled to rely upon the information specified in the

form without making any enquiry, investigation or checks as to the accuracy of such information or 

whether the signatory on the form has been authorised by the Transferor/Transferee. If a 

Transferor/Transferee is a Customer, then it shall be bound by the F&O Standard Terms, including in 

relation to these Delivery Procedures. Pursuant to the F&O Standard Terms, a Transferor/Transferee 

signing such a form shall be subject to obligations and liabilities under these Delivery Procedures 

Deleted: and
PART II: ICE FUTURES EUROPE DUTCH TTF NATURAL GAS FUTURES

EUROPE/2023514698.2 2

PART II: ICE FUTURES EUROPE DUTCH TTF NATURAL GAS FUTURES CONTRACT 

(“ICE FUTURES EUROPE DUTCH TTF NATURAL GAS FUTURES”) 

1. DEFINITIONS

1.1 The following additional definitions apply to this part of the Delivery Procedures:

(a) The term “Acquiring Trade Nomination” means a nomination submitted, in the manner 

required by the GTS Rules and otherwise in accordance with this Part II, by the Transferee to 

acquire rights in respect of one or more lots of Natural Gas at the Title Transfer Facility.

(b) The terms “D-” or “D+” relate to the number of Business Days before and after the Delivery 

Day respectively on which rights to Natural Gas are to be transferred. 

(c) The term “Delivery Day” means the period beginning at 06:00 hours CET on a day on which 

the transfer of rights in respect of Natural Gas is due to be made under a Contract in 

accordance with ICE Futures Europe Rules and this Part II and ending at 06:00 hours CET on 

the following day. 

(d) The term “Delivery Month” means the period beginning at 06:00 hours CET on the first 

calendar day of the month until 06.00 hours CET on the first calendar day of the next month.

(e) The term “Disposing Trade Nomination” means a nomination submitted, in the manner 

required by the GTS Rules and otherwise in accordance with ICE Futures Europe Rules and 

this Part II, by the Transferor to dispose of rights in respect of one or more lots of Natural Gas 

at the Title Transfer Facility.

(f) The term “Edigas” means GTS’s electronic messaging protocol which enables, inter alia, 

submission of a Trade Nomination to GTS and to access information concerning the submitted 

Trade Nominations, and any successor system thereto.

(g) The term “GTS” means the Dutch gas transmission system operator Gasunie Transport 

Services B.V. or any successor thereto.

(h) The term “GTS Rules” means the Gasvoowaarden, or Transmission Service Conditions 

(“TSC”), and any manuals, procedures, practices or directions of GTS which support the 

operation of the Transmission Service Conditions, as amended from time to time.

(i) The term “ICE Futures Europe Dutch TTF Natural Gas” means ICE Futures Europe Dutch 

TTF Natural Gas Futures.

(j) The term “Invoice Period” refers to the period beginning at the start of the day on which the 

last invoice was issued, up to the end of the day prior to the date of the current invoice and 

also includes any additional period of time during which payments are made from the Buyer 

to the Seller in respect of completed deliveries.

(k) The term “kWh” or “Kilowatt Hours” means 3,600,000 joules where "joule" is as defined in 

ISO 1000:1992(E) or any standard replacing the same as nominated by ICE Futures Europe. 

(l) The term “M+” or “M-” means, in respect of a Contract, the number of Business Days 

immediately following the last day of the month or the number of Business Days immediately 

preceding the first day of the month in which the Delivery Day specified in the Contract 

commenced.

(m) The term “Natural Gas” means any hydrocarbons or mixture of hydrocarbons and other gases 

consisting predominantly of methane which at a temperature of 15 degrees Celsius and at an 

absolute pressure of 1.01325 bar are or is predominantly in the gaseous state where “degree 
PART II: ICE FUTURES EUROPE DUTCH TTF NATURAL GAS FUTURES

EUROPE/2023514698.2 3

Celsius” and “bar” are as defined in ISO 1000:1992(E) or any standard replacing the same as 

nominated by ICE Futures Europe.

(n) The term “Title Transfer Facility” (TTF) means, in respect of a Contract, a notional point 

within the Transmission System at which the balancing of the amounts of Natural Gas takes 

place for the purposes of the Transmission Service Conditions.

(o) The term “Trade Nomination” means in respect of a Contract either a Disposing Trade 

Nomination or an Acquiring Trade Nomination, as the case may be.

(p) The term “Trade Nomination Quantity” means the quantity of Natural Gas nominated in a 

Trade Nomination.

(q) The term “Transmission System” means the onshore transmission pipeline system owned 

and operated by GTS as may be enlarged, extended or altered from time to time.

(r) The term “TSC” means the Transmission Service Conditions, as amended from time to time, 

setting out GTS’s arrangements for transportation of Natural Gas and operation of the 

Transmission System and TTF and any manuals, procedures, practices or directions of GTS 

which support the operation of that document, in either case as amended from time to time.

2. CLEARING HOUSE AUTHORITY

The Clearing Member hereby grants authority to the Clearing House to make Trade Nominations in 

connection with deliveries under ICE Futures Europe Dutch TTF Natural Gas. No Clearing Member 

shall revoke or terminate, nor purport to revoke or terminate, such authorisation. Members are not 

required, and are not able, to send Trade Nominations themselves.

3. DELIVERY SPECIFICATION

3.1 Delivery

Deliveries of ICE Futures Europe Dutch TTF Natural Gas are effected by the transfer of rights to 

Natural Gas at the TTF from a Transferor (nominated by the Seller, which may be the Seller itself) to 

the Clearing House and from the Clearing House to a Transferee (nominated by the Buyer, which may 

be the Buyer itself), through the input of Acquiring and Disposing Trade Nominations into the GTS’s 

Edigas system by the Clearing House. GTS will take those Trade Nominations into account when 

determining whether any costs or charges arise from the balancing regime.

3.2 Quantity

ICE Futures Europe Dutch TTF Natural Gas trades in MWh and is delivered in kWh.

3.3 Price

The price at which the contract is delivered is the Exchange Delivery Settlement Price (EDSP) for the 

second Business Day immediately prior to the calendar day on which the Delivery Month for the ICE 

Futures Europe Dutch TTF Natural Gas Futures commences in accordance with the ICE Futures 

Europe Rules.

3.4 Days and Times

All “timings” or times of day are Central European Time (“CET”) or Central European Summer Time 

(“CEST”) as applicable.
PART II: ICE FUTURES EUROPE DUTCH TTF NATURAL GAS FUTURES

EUROPE/2023514698.2 4

3.5 Cessation of Trading

The ICE Futures Europe Dutch TTF Natural Gas Futures cease trading at 18:00 hours on the business

day, as defined in the ICE Futures Europe Rules, which is two business days prior to 

the first calendar day of the Delivery Period, in accordance with the ICE Futures Europe Rules.

3.6 Exchange for Physicals (EFPs) and Exchange for Swaps (EFSs)

For the ICE Futures Europe Dutch TTF Natural Gas Futures, in accordance with ICE Futures Europe 

Rules, EFPs and EFSs may be posted up to one hour following the cessation of trading. 

4. LIABILITY 

4.1 The provisions of this paragraph 4 are without prejudice to the generality, and subject to, the provisions 

of the Rules relating to liability and apply in addition to the general requirements of these Delivery 

Procedures.

4.2 The Clearing House is not responsible for, and shall have no liability whatsoever as a result of:

(a) the performance or non-performance of GTS of its obligations under the GTS Rules; or

(b) the performance or non-performance of GTS.

4.3 Neither the Buyer nor the Seller, nor their Transferees or Transferors, shall have any claim against the 

Clearing House for any loss, cost, damage or expense incurred or suffered as a result of the condition or 

operation of the Transmission System or any part thereof or the performance or non-performance of 

GTS except as otherwise expressly provided in the ICE Futures Europe Rules.

5. DELIVERY CONTRACT SECURITY

The Clearing House makes the delivery information available through the delivery system on a daily 

basis to Clearing Members with delivery positions.

(a) Buyer’s Security

Buyer’s Security is calculated by reference to the relevant EDSP plus a “Buyer’s Default Top-up”. The 

“Buyer’s Default Top-up” is an amount calculated against the possibility of costs or charges arising 

from the balancing regime under the TSC. 

The Clearing House may alter the calculation of Buyer’s Security at any time or make adjustments in 

respect of specific Buyers.

(b) Seller’s Security

Seller’s Security is calculated against the Seller’s Default Price (SDP) for the relevant Delivery Day.

The SDP is calculated by reference to costs and charges arising from the balancing regime under the 

TSC, or EDSP.

The Clearing House may alter the calculation of Seller’s Security at any time or make adjustments in 

respect of a specific Seller.

6. DELIVERY TIMETABLE FOR ICE FUTURES EUROPE DUTCH TTF NATURAL GAS: 

ROUTINE

6.1 ICE Futures Europe Dutch TTF Natural Gas Futures 
PART II: ICE FUTURES EUROPE DUTCH TTF NATURAL GAS FUTURES

EUROPE/2023514698.2 5

2 Business Days prior to the 1st Delivery Day M-2

Cessation of Trading At 

18:00 

CET

Contract ceases trading.

By 

19:00 

CET

EFPs and EFSs may be posted up to one hour following the cessation 

of trading.

Provision of Buyer’s and 

Seller’s Security

M-1

By 

10:00 

CET

Seller and Buyer must provide the Clearing House with Seller’s 

Security and Buyer’s Security as appropriate. This is calculated for all 

deliverable Open Contract Positions at close of business on D-2 (which 

corresponds to M-2 for the first Delivery Day and M-1 for the second).

The Clearing House may make adjustments to provisional Seller’s 

Security or Buyer’s Security by making intra-day calls at this time or 

other times on this day.

By 

11:30 

CET

Settlement instructions and Open Contract Positions transfers are 

entered into ICE FEC for expired Contracts.

Clearing Members with Open Contract Positions at this time for a 

Contract Set subject to delivery are obliged to make or take delivery.

By 

12:30 

CET

MPFE report available on ICE FEC to Clearing Members.

Submission of ICE Futures 

Europe Dutch TTF Natural 

Gas Futures Delivery 

Intentions via ECS

By 

11:30 

CET

Buyer and Seller must, for all relevant deliverable Open Contract

Positions, submit their delivery intentions via ECS for ICE Futures 

Europe Dutch TTF Natural Gas Futures. If delivery details are known, 

the delivery intentions for ICE Futures Europe Dutch TTF Natural Gas 

Futures may be submitted to the Clearing House any time from the start 

of M, but must have been submitted by 12.30 hours CET on M-1.

By 

12:30 

CET

MPFE report available on ECS and MFT to Clearing Members.

By 

13:00 

CET

Seller or Buyer who is nominating a Transferor or Transferee in respect 

of a Contract must ensure that the Clearing House has in its possession 

a signed ICE Futures Europe Dutch TTF Natural Gas: Blanket 

Transferor Form or ICE Futures Europe Dutch TTF Natural Gas: 

Blanket Transferee Form (as applicable) for each nominated Transferor 

or Transferee.
PART II: ICE FUTURES EUROPE DUTCH TTF NATURAL GAS FUTURES

EUROPE/2023514698.2 6

ICE Futures Europe Dutch 

TTF Natural Gas Futures 

Conversion and 

Confirmation Report

By 

14:00 

CET

The ICE Futures Europe Dutch TTF Natural Gas Futures Confirmation 

Reports, listing all deliverable positions in kWh for the Delivery 

Month, are made available to Clearing Members electronically. Where 

Clearing Members will have submitted email details for their 

transferee/transferors, this report will also be emailed directly to the 

transferee/transferors.

It is the responsibility of the Clearing Member to ensure that each 

nominated transferor/transferee has received a copy of the ICE Futures 

Europe Dutch TTF Natural Gas Futures Conversion and Confirmation 

Report, as applicable.

By 

15:00 

CET

Seller and Buyer must each inform the Clearing House of any details 

on the ICE Futures Europe Dutch TTF Natural Gas Futures Conversion 

and Confirmation Report that do not match the delivery intentions that 

they submitted previously.

Notification file to 

Nomination Agent

After 

15:00 

CET

The Clearing House will send to its appointed nomination agent a 

notification file detailing the nominations to be made between the 

Clearing House and the Seller (or the Seller’s Transferor), and the 

nominations to be made between the Clearing House and the Buyer (or 

the Buyer’s Transferee).

Failure to notify the Clearing House by this deadline will constitute 

acceptance by the Seller and Buyer of their delivery obligations.

If necessary, the Clearing House will then make any appropriate 

amendments to the ICE Futures Europe Dutch TTF Natural Gas 

Futures Confirmation Report and resend it to Clearing Members.

Delivery Day (D) (or next Business Day if D is a Non-Clearing Day)

By 

10:00 

CET

The Clearing House makes the Daily Summary Report available.

The Clearing House will apply Contingent Variation Margin to the 

Buyer’s and the Seller’s remaining Natural Gas units.
PART II: ICE FUTURES EUROPE DUTCH TTF NATURAL GAS FUTURES

EUROPE/2023514698.2 7

D+1

Payment, Seller’s Security 

and Buyer’s Default Top 

Up

By 

10:00 

CET

Seller’s Security for actual delivered amount is released.

The Clearing House will continue to apply Contingent Variation 

Margin to the Buyer’s and the Seller’s remaining Natural Gas units.

The Clearing House releases the ‘Buyer’s Default Top-up’ portion of 

the Buyer’s Security on confirmed deliveries.

Buyers make contract payment via their Nominated Accounts in 

respect of deliveries for the preceding delivery day. Buyer’s Security is

released as part of the payment transaction.

Seller receives contract value (payment) for confirmed delivered 

amount in respect of deliveries for the preceding delivery day.

N.B. A credit note may be issued at a later date against the failed 

deliveries.

One Day following the end of the Invoice Period

Invoice and Account Sale 

Details

By 

10:00 

CET

The Clearing House makes the Invoices and Account Sales available to 

Seller and Buyer for the Invoice Period.

7. DELIVERY TIMETABLE FOR ICE FUTURES EUROPE DUTCH TTF NATURAL GAS: 

FAILED DELIVERY

7.1 ICE Futures Europe Dutch TTF Natural Gas Futures

D+2

Seller’s Security and 

Buyer’s Default Top Up

By 

10:00 

CET

In the event of a failed delivery, the Clearing House may call 

additional Seller’s Security and/or Buyer’s Security.

10 Business Days following the month (M+10)

Failed Delivery By 

10:00 

CET

The Clearing House makes the Invoice and Credit Note Report 

available to Sellers and Buyers for the previous month’s failed 

deliveries.

12 Business Days following the month (M+12)

Payment for Failed Delivery By 

10:00 

CET

Seller makes payment for previous month’s failed deliveries.

Buyers make/receive payment or take receipt for previous month’s 

failed deliveries.

13 Business Days following the month (M+13)
PART II: ICE FUTURES EUROPE DUTCH TTF NATURAL GAS FUTURES

EUROPE/2023514698.2 8

Release of Seller’s and 

Buyer’s Security against 

Failed Deliveries

By 

10:00 

CET

Seller’s Security and Buyer’s Security held against failed deliveries is 

released following confirmation that payment has been made for all 

failed deliveries for the Delivery Month.

Note: in the event of a failed delivery, the Clearing House may retain Buyer’s Security and/or Seller’s 

Security.

Note: the above timetable can be altered without notice at the discretion of the Clearing House.

8. INVOICE AND ACCOUNT SALE CALCULATION

8.1 Invoice and Account Sale 

Previous Month’s Deliveries

The Invoice and Account Sale Report gives details of all deliveries made during the Invoice Period. 

Confirmed deliveries:

kWh * EDSP * 1 MWh / 1000 kWh, plus any additional costs of the Clearing House as 

appropriate

Where

kWh = the number of Kilowatt Hours delivered.

EDSP = The relevant Exchange Delivery Settlement Price for the day of delivery, quoted in 

Euros per MWh .

Failed Deliveries 

kWh * Delivery Failure Cost * 1 MWh / 1000 kWh, plus any additional costs of the Clearing 

House, as appropriate

Where

kWh = the number of Kilowatt Hours delivered.

Delivery Failure Cost = the costs of the Clearing House per kWh incurred from GTS in 

accordance with the GTS Rules in respect of any failure of a Clearing Member to correctly 

make a delivery.

8.2 Invoice/Credit Note for Failed Deliveries

The Invoice and Credit Note Report gives details of the proportion of the Clearing House’s costs,

incurred from GTS, allocated to Clearing Members as a result of Buyer’s and Seller’s failed deliveries.

Credit Notes are issued to Buyers up to the contract value of the failed delivery, dependent on the value 

received by the Clearing House from GTS. In the event that the value received by the Clearing House 

is in excess of the contract value, any such excess will be passed on to ICE Futures Europe.

The Clearing House’s costs are allocated pro rata to those Clearing Members whose failed deliveries 

have caused the Clearing House’s net costs or charges arising from the balancing regime under the 

TSC.
PART II: ICE FUTURES EUROPE DUTCH TTF NATURAL GAS FUTURES

EUROPE/2023514698.2 9

9. DELIVERY DOCUMENTATION SUMMARY

9.1 ICE Futures Europe Dutch TTF Natural Gas Futures

Reports produced by the Clearing House are made available to Buyers and Sellers electronically.

Name of Delivery Document Explanation Timing

Daily Summary Report This report summarises on a daily basis the 

deliverable positions by transferee/transferor.

By 10:00 CET 

Daily

Daily Detail Report This report provides details of each day’s 

deliveries.

By 10:00 CET 

Daily

ICE Futures Europe Dutch TTF 

Natural Gas: Blanket 

Transferee Form

Where applicable, the Buyer must ensure that 

this form is submitted by the Transferee to the 

Clearing House. It must be signed by an 

authorised signatory of the Transferee as 

confirmation that they will take delivery of 

Natural Gas on any Delivery Days nominated by 

the Buyer and referred to in the delivery 

intentions previously submitted for the ICE 

Futures Europe Dutch TTF Natural Gas Futures.

By 11:00 CET 

on M-1

ICE Futures Europe Dutch TTF 

Natural Gas: Blanket Transferor 

Form

Where applicable, the Seller must ensure that 

this form is submitted by the Transferor to the 

Clearing House. It must be signed by an 

authorised signatory of the Transferor as 

confirmation that they will make delivery of 

Natural Gas on any Delivery Days nominated by 

the Buyer and referred to in the delivery 

intentions previously submitted for the ICE 

Futures Europe Dutch TTF Natural Gas Futures.

By 11:00 CET 

on M-1

ICE Futures Europe Dutch TTF 

Natural Gas Futures 

Confirmation Report

When available, Buyers and Sellers must 

promptly provide a copy of this report to the 

relevant transferor(s) and transferee(s). It is a 

transferor/transferee order and informs Buyers 

and Sellers of Clearing Member mnemonic; 

transferee/transferor; Delivery Day or series of 

Delivery Days as defined in paragraph 1 of this 

Part II from first Delivery Day to last Delivery 

Day; lots to be delivered; and a statement that if 

the transferor/transferee fails to notify the 

Clearing House by the necessary deadline as 

specified in these Delivery Procedures, then the 

delivery obligation is irrevocably accepted and 

the Clearing House will enter the Trade 

Nomination(s) into Edigas based on the Net 

Hourly Position of the Clearing Member, by the 

relevant deadline. 

By 12:30 CET 

on D-1
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EUROPE/2023514698.2 10

Name of Delivery Document Explanation Timing

ICE Futures Europe Dutch TTF 

Natural Gas Futures Invoice and 

Account Sale 

The reports give Buyers and Sellers details of: 

Clearing Member mnemonic; Clearing Member 

account; contract; Delivery Month; contracted 

kWh; actual delivered (matched) kWh; price in 

Euros per MWh; value of Natural Gas.

By 10:00 CET 

on the day 

following the 

Invoice Period

Invoice Report and Credit Note 

Report: Failed Deliveries

The report gives Buyers and Sellers with failed 

deliveries during the previous Delivery Month 

details of Clearing Member mnemonic; Clearing 

Member account; contract; Delivery Month; 

Delivery Day; amount of failed delivery long 

(kWh); amount of failed delivery short (kWh); 

and total costs charged to the Clearing Member 

as a result of failed delivery/deliveries. 

M+10 at 10:00 

CET.