(IV) DELIVERY PROCEDURES

5. TRANSFERORS AND TRANSFEREES

5.1 Each ICE Futures UK Natural Gas Futures Contract, ICE Futures UK Natural Gas (EUR/MWh) 

Futures Contract, ICE Futures UK 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, ICE Endex TTF Natural Gas

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

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

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

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

Spot Contract, ICE Endex Spot Market ZTP Natural Gas Spot Contract, ICE Endex Spot Market ZTPL 

Natural Gas Spot Contract, ICE Endex Dutch Power Futures Contract, ICE Endex Belgian Power Base 

Load Futures Contract and ICE Endex CEGH Austrian VTP 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.
PART H: ICE ENDEX GERMAN THE NATURAL GAS FUTURES CONTRACT AND ICE ENDEX GERMAN THE

NATURAL GAS DAILY FUTURES CONTRACT

PART H: ICE ENDEX GERMAN THE NATURAL GAS FUTURES CONTRACT (“ICE ENDEX GERMAN 

THE NATURAL GAS FUTURES”) AND ICE ENDEX GERMAN THE NATURAL GAS DAILY 

FUTURES CONTRACT (“ICE ENDEX GERMAN THE NATURAL GAS DAILY FUTURES 

CONTRACT”)

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 THE Rules and otherwise in accordance with this Part H, by the Transferee to 

acquire rights in respect of one or more lots of Natural Gas at the VTP operated by THE.

(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 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 Endex Rules and this Part H and ending at 06:00 CET hours 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 “Delivery Week” means the period beginning at 06:00 hours CET on the first 

business day of the week until 06.00 hours CET on the day following the last business day of 

the week (Saturday). 

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

required by the THE Rules and otherwise in accordance with ICE Endex Rules and this Part 

H, by the Transferor to dispose of rights in respect of one or more lots of Natural Gas at the 

VTP operated by THE.

(f)(g) The term “ICE Endex German THE Natural Gas” means ICE Endex German THE Natural

Gas Futures and ICE Endex German THE Natural Gas Daily Futures.

(g)(h) 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.

(h)(i) 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 Endex.

(i)(j) 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.

(j)(k) 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 

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

nominated by ICE Endex.
PART H: ICE ENDEX GERMAN THE NATURAL GAS FUTURES CONTRACT AND ICE ENDEX GERMAN THE

NATURAL GAS DAILY FUTURES CONTRACT

(k)(l) The term “THE” means Trading Hub Europe GmbH domiciled in Ratingen and Berlin

Germany the operator of the market area co-operation between all gas network owners in 

Germany known as “THE” or any successor thereto.

(l)(m) The term “THE’s Communication Facilities” means THE’s electronic facility which 

includes, inter alia, any electronic facility which enables the submission of a Trade 

Nomination to THE, any web-based communication channel including the related

functionality and connected systems provided by THE, "Communications Systems" within the

meaning of the THE Rules, and to access information concerning the submitted Trade 

Nominations, and any successor system thereto.

(m)(n) The term "THE Balancing Group Contract" means the THE's Balancing Group Contract

Terms and Conditions.

(n)(o) The term “THE Rules” means the Electricity and Gas Supply Act (EnWG), the Gas Network 

Access rules, THE Balancing Group Contract and any manuals, procedures, practices or 

directions of THE which support the operation of THE as amended from time to time.

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

Trade Nomination.

(q)(r) The term “Transmission System” means the transmission pipeline system operated by THE

as may be enlarged, extended or altered from time to time.

(r)(s) The term “Virtual Trading Point” (VTP) means, in respect of a Contract, a notional point 

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

delivered into and out of the Transmission System takes place in accordance with the THE

Rules.

2. DELIVERY SPECIFICATION

2.1 Delivery

Deliveries of ICE Endex German THE Natural Gas are effected by the transfer of rights to Natural Gas 

at the Virtual Trading Point 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 

THE’s Communication Facilities. THE will take those Nominations into account when determining 

whether any costs or charges arise from the balancing regime under the THE Rules.

2.2 Quantity

ICE Endex German THE Natural Gas trades in MWh and is delivered in kWh.

2.3 Price

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

second Bbusiness Dday, as defined in the ICE Endex Rules, immediately prior to the calendar day on 

which the Delivery Month for the ICE Endex German THE Natural Gas Futures commences in 

accordance with the ICE Endex Rules. The price at which the contract is delivered is the Exchange

Delivery Settlement Price (EDSP) for the Business Day immediately prior to the calendar day on which 
PART H: ICE ENDEX GERMAN THE NATURAL GAS FUTURES CONTRACT AND ICE ENDEX GERMAN THE

NATURAL GAS DAILY FUTURES CONTRACT

the Delivery Day for the ICE Endex German THE Natural Gas Daily Futures commences in 

accordance with the ICE Endex Rules.

2.4 Days and Times

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

Times (“CEST”) as applicable.

2.5 Cessation of Trading

(a) The ICE Endex German THE Natural Gas Futures cease trading at 18:00 hours on the 

business day which is two business days, in accordance with the ICE Endex Rules, prior to the 

first calendar day of the Ddelivery mMonth.

(a)(b) The ICE Endex German THE Natural Gas Daily Futures cease trading at 18:00 hours on the 

business day which is one business day, in accordance with the ICE Endex Rules, prior to the 

Delivery Day. 

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

For ICE Endex German THE Natural Gas Futures, in accordance with ICE Endex Rules, EFPs and 

EFSs may be posted up to one hour following the cessation of trading. For ICE Endex German THE 

Natural Gas Daily Futures, in accordance with ICE Endex Rules, EFPs and EFSs may be posted up to 

thirty minutes following the cessation of trading. 

3. LIABILITY

3.1 The provisions of this paragraph 3 are without prejudice to the generality of, and subject to, the 

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

Delivery Procedures.

3.2 The Transmission System, THE and THE's Communication Facilities constitute "Delivery Facilities"

for the purposes of Rule 101 of the Rules.

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

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

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

3.4 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:

(a) any actions taken by the Clearing House pursuant to THE Rules; or

(b)

(i) technical issues, technical measures, authorisations, limitations, prohibitions or

failures arising or imposed on;

(ii) the condition or operation of; or

(iii) the performance or non-performance of,
PART H: ICE ENDEX GERMAN THE NATURAL GAS FUTURES CONTRACT AND ICE ENDEX GERMAN THE

NATURAL GAS DAILY FUTURES CONTRACT

the Transmission System, THE or THE's Communication Facilities except as otherwise

expressly provided in the ICE Endex Rules.

4. DELIVERY CONTRACT SECURITY

The Clearing House makes the Natural Gas Daily Summary Report available 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 THE Rules.

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 

THE Rules, 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.

5. DELIVERY TIMETABLE FOR ICE ENDEX GERMAN THE NATURAL GAS: ROUTINE

5.1 ICE Endex German THE Natural Gas Futures

2 Business Days prior to the 1

st Delivery Day (M-2)

Cessation of Trading At 

18:00

CET

Monthly 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.
PART H: ICE ENDEX GERMAN THE NATURAL GAS FUTURES CONTRACT AND ICE ENDEX GERMAN THE

NATURAL GAS DAILY FUTURES CONTRACT

Submission of delivery

intentions for ICE Endex

German THE Natural

Gas Futures

By 

11:30

CET

Buyer and Seller must, for all deliverable Open Contract Positions, 

submit their delivery intentions via ECS for the ICE Endex German THE

Natural Gas Futures. If delivery details are known, the delivery 

intentions for ICE Endex German THE Natural Gas Futures may be 

submitted to the Clearing House any time from the start of M-2, but 

must have been submitted by 11:30 CET on M-1.

Nomination of 

Transferor/Transferee

By 

11:30

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 Endex German THE Natural Gas: Blanket Transferor Form

or ICE Endex German THE Natural Gas: Blanket Transferee Form (as

applicable) for each nominated Transferor or Transferee. This

Transferor/Transferee Form must be signed by the

Transferor/Transferee.

By 

11:30 

CET

Deadline for position maintenance within ECS.

Clearing Members with Open Contract Positions at this time for a

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

By 

After

12:30 

CET

MPFE report available in MFT and ECS to Clearing Members.

ICE Endex German THE

Natural Gas Futures

Conversion and 

Confirmation Report

By 

14:00

CET

The ICE Endex German THE 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 Endex 

German THE Natural Gas Futures Conversion and Confirmation Report.

By 

15:00

CET

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

the ICE Endex German THE Natural Gas Futures Conversion and 

Confirmation Report that do not match the delivery intentions previously

submitted for the ICE Endex German THE Natural Gas Futures. 

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 Endex German THE Natural Gas Futures

Confirmation Report and resend it to Clearing Members.
PART H: ICE ENDEX GERMAN THE NATURAL GAS FUTURES CONTRACT AND ICE ENDEX GERMAN THE

NATURAL GAS DAILY FUTURES CONTRACT

Entry of Disposing and 

Acquiring Nominations

By 

15:00

CET

Seller and Buyer must ensure that their nominated 

Transferors/Transferees have entered the appropriate Disposing Trade 

Nomination(s)/Acquiring Trade Nominations(s) into THE’s

Communication Facilities.

If by 16:30 CET one such Trade Nomination has not been accepted by 

THE, the Clearing House, or its agent, may direct the Seller (or its 

Transferor) or the Buyer (or its Transferee) who submitted the Trade 

Nomination to amend or withdraw such Trade Nomination on such 

terms as the Clearing House may consider appropriate until such Trade 

Nomination is accepted by THE.

In the event that the Seller (or its Transferor) or Buyer (or its Transferee) 

have entered a Trade Nomination Quantity different from that appearing 

on the ICE Endex German THE Natural Gas Futures Confirmation 

Report, which has been accepted by THE under THE Rules, the Clearing 

House or its agent may direct the Seller (or its Transferor) or the Buyer

(or its Transferee) to amend or withdraw such Trade Nomination on such 

terms as the Clearing House may consider appropriate.

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.

Payment, Seller’s 

Security and Buyer’s 

Default Top Up

D+1

By 

10:00

CET

Seller’s Security for actual delivered amount is released.

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
PART H: ICE ENDEX GERMAN THE NATURAL GAS FUTURES CONTRACT AND ICE ENDEX GERMAN THE

NATURAL GAS DAILY FUTURES CONTRACT

Invoice and Account Sale 

Details

By 

10:00

CET

Invoices and Account Sales available for the Invoice Period.

5.1 ICE Endex German THE Natural Gas Daily Futures 

1 Business Day prior to the Delivery Day (D-1)

Cessation of Trading At 

18:00 

CET

Daily Contract ceases trading.

Submission of 

delivery intentions 

for ICE Endex 

German THE 

Natural Gas Daily 

Futures

By 

18:30

CET

Buyer and Seller must, for all deliverable Open Contract Positions, submit 

delivery intentions via ECS for ICE Endex German THE Natural Gas Daily 

Futures. 

Nomination of 

Transferor 

/Transferee

By 

18:30

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 Endex German THE Natural Gas: Blanket Transferor Form or 

ICE Endex German THE Natural Gas: Blanket Transferee Form (as 

applicable) for each nominated Transferor or Transferee.

By 

18:30 

CET

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

trading.

By 

18:30 

CET

Settlement instructions and Open Contract Positions transfers are entered 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.

After

18:30 

CET

MPFE report available in MFT and ECS to Clearing Members.

ICE Endex ICE 

Endex German THE 

Natural Gas Daily 

Futures Conversion 

and Confirmation 

Report

By 

19:00 

CET

The ICE Endex German THE Natural Gas Daily Futures Conversion and 

Confirmation Reports, listing all deliverable positions in kWh for the 

Delivery Day, 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 Endex German THE 

Natural Gas Daily Futures Conversion and Confirmation Report.

By 

20:00

CET

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

ICE Endex German THE Natural Gas Daily Futures Futures Conversion and 

Confirmation Report that do not match the delivery intentions that they 

submitted previously.

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 Endex German THE Natural Gas Daily Futures Conversion and 

Confirmation Report and resend it to Clearing Members.
PART H: ICE ENDEX GERMAN THE NATURAL GAS FUTURES CONTRACT AND ICE ENDEX GERMAN THE

NATURAL GAS DAILY FUTURES CONTRACT

Notification file to 

Nomination Agent

By 

20:00 

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).

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

Provision of Buyer’s 

and Seller’s Security

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-1.

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.

The Clearing House makes Daily Summary Report available.

D+1

Final Confirmation 

of Delivery Report 

By 

10:00

CET

The Clearing House makes the Daily Summary Report available for the 

previous day’s deliveries.

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

Buyer’s Security on confirmed deliveries.

Payment By 

10:00

CET

Seller receives contract value (payment) for confirmed delivered amount in 

respect of deliveries for the preceding day as detailed on the Invoice and 

Account Sale report.

Buyer pays contract value for both performed and failed delivery amounts in 

respect of deliveries for the preceding month as detailed on the Invoice and 

Account Sale Report. Buyer’s Security is released as part of the payment 

transaction.

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 Invoice and Account Sale Report available to 

Seller and Buyer for the Invoice Period.

Note: the above timetables can be altered without notice at the discretion of the Clearing House, including in the

circumstances set out at Clause 3.4(a) and (b).
PART H: ICE ENDEX GERMAN THE NATURAL GAS FUTURES CONTRACT AND ICE ENDEX GERMAN THE

NATURAL GAS DAILY FUTURES CONTRACT

6. DELIVERY TIMETABLE FOR ICE ENDEX GERMAN THE NATURAL GAS: FAILED 

DELIVERY

6.1 ICE Endex German THE Natural Gas Futures

Seller’s Security and 

Buyer’s Default Top up 

D+2

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.

Failed Delivery 

10 Business Days following the month of delivery (M+10)

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.

Payment for Failed 

Delivery

12 Business Days following the month of delivery (M+12)

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.

Release of Seller’s and 

Buyer’s Security against 

Failed Deliveries

13 Business Days following the month of delivery (M+13)

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.

6.1 ICE Endex German THE Natural Gas Daily 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.

24 to 29 Business Days following the Delivery Day (D+24 to D+29)

Failed Delivery By 

10:00 

CET

The Clearing House makes the Invoice and Credit Note Report available to 

Sellers and Buyers for the failed deliveries.

26 to 40 Business Days following the Delivery Day (D+26 to D+40)

Payment for Failed 

Delivery

By 

10:00 

CET

Seller makes payment for the failed deliveries.

Buyers make/receive payment or take receipt for the failed deliveries.
PART H: ICE ENDEX GERMAN THE NATURAL GAS FUTURES CONTRACT AND ICE ENDEX GERMAN THE

NATURAL GAS DAILY FUTURES CONTRACT

27 to 41 Business Days following the Delivery Day (D+27 to D+41)

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.

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

Note: the above timetables can be altered without notice at the discretion of the Clearing House, including in the 

circumstances set out at Clause 3.4(a) and (b).

7. INVOICE AND ACCOUNT SALE CALCULATION

7.1 Invoice and Account Sale 

(a) 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 other costs of the Clearing House as applicable 

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 other costs of the Clearing 

House as applicable 

Where

kWh = the number of kilowatt hours delivered.

Delivery Failure Cost = the costs of the Clearing House by kWh incurred from THE in

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

make a delivery.

(b) Daily 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 other costs of the Clearing House as applicable 

Where

kWh = the number of kilowatt hours delivered.
PART H: ICE ENDEX GERMAN THE NATURAL GAS FUTURES CONTRACT AND ICE ENDEX GERMAN THE

NATURAL GAS DAILY FUTURES CONTRACT

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 other costs of the Clearing 

House as applicable 

Where

kWh = the number of kilowatt hours delivered.

Delivery Failure Cost = the costs of the Clearing House by kWh incurred from THE in 

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

make a delivery.

7.2 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 THE, 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 THE. 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 Endex.

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

Rules.

8. DELIVERY DOCUMENTATION SUMMARY

8.1 ICE Endex German THE 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 Endex German THE

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 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 Endex German THE Natural Gas Futures.

By 11:30 CET

on M-1
PART H: ICE ENDEX GERMAN THE NATURAL GAS FUTURES CONTRACT AND ICE ENDEX GERMAN THE

NATURAL GAS DAILY FUTURES CONTRACT

Name of Delivery Document Explanation Timing

ICE Endex German THE

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 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 Endex German THE Natural Gas Futures.

By 11:30 CET

on M-1

ICE Endex German THE

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 H from first Delivery Day to last Delivery 

Day; lots to be delivered; details of the 

Acquiring and/or Disposing Trade 

Nomination(s) to be entered by the 

Transferees/Transferors; 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 

Transferor/Transferee will enter the correct 

Acquiring and/or Disposing Trade 

Nomination(s) into THE’s Communication 

Facilities, by the relevant deadline and that the 

trade(s) nominations will not be amended or 

withdrawn unless instructed to do so by the 

Clearing House.

By 14:0012:30

CET on M-1

ICE Endex German THE

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

8.1 ICE Endex German THE Natural Gas Daily Futures
PART H: ICE ENDEX GERMAN THE NATURAL GAS FUTURES CONTRACT AND ICE ENDEX GERMAN THE

NATURAL GAS DAILY FUTURES CONTRACT

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 09:00 

CET 

Daily

ICE Endex German THE 

Natural Gas Daily Futures: 

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 Endex German THE 

Natural Gas Daily Futures.

By 17:30 

CET on 

D

ICE Endex German THE 

Natural Gas Daily Futures: 

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 Endex German THE 

Natural Gas Daily Futures.

By 17:30 

CET on 

D

ICE Endex German THE 

Natural Gas Daily Futures

Conversion and 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 F 

from first Delivery Day to last Delivery Day; lots to be 

delivered; details of the Acquiring and/or Disposing 

Trade Nomination(s) to be entered by the 

Transferees/Transferors; 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 Transferor/Transferee will enter the 

correct Acquiring and/or Disposing Trade 

Nomination(s) into THE’s Communication Facilities, by 

the relevant deadline and that the trade(s) nominations 

will not be amended or withdrawn unless instructed to 

do so by the Clearing House.

By 18:00 

CET on 

D

ICE Endex German THE 

Natural Gas Daily Futures

Invoice Report and Account Sale 

Report 

The report gives Buyers and Sellers details of: Clearing 

Member mnemonic; Clearing Member account; 

contract; Delivery Day; contracted kWh; actual 

delivered (matched) kWh; price in pence per Therm; 

value of Natural Gas; and a summary of the Invoice and 

Account Sale.

By 09:00 

CET on 

D+2
PART H: ICE ENDEX GERMAN THE NATURAL GAS FUTURES CONTRACT AND ICE ENDEX GERMAN THE

NATURAL GAS DAILY FUTURES CONTRACT

Name of Delivery Document Explanation Timing

Invoice Report and Credit Note 

Report: Failed Deliveries

The report gives Buyers and Sellers with failed 

deliveries details of Clearing Member mnemonic; 

Clearing Member account; contract; 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. 

D+24 to 

D+29 at 

09:00 

CET.