ICE Henry Penultimate 4-Month Calendar Spread

A monthly cash settled Exchange Futures contract based upon the mathematical result of subtracting the monthly price published by NYMEX for the Fifth Nearby Month, as specified in Reference Price B, from the monthly price published by NYMEX for the First Nearby Month, as specified in Reference Price A.
Henry Penultimate 4-Month Calendar Spread Future	Henry Penultimate 4-Month Calendar Spread Future 	Henry Penultimate 4-Month Calendar Spread Future 	Henry Penultimate 4-Month Calendar Spread Future
Trading Screen Product Name 	NG Pen Futures 	NG Pen Futures 	NG Pen Futures
Trading Screen Hub Name 	Henry CSO 4 Month 	Henry CSO 4 Month 	Henry CSO 4 Month
Contract Symbol 	HHR 	HHR 	HHR
Settlement Method 	Cash settlement 	Cash settlement 	Cash settlement
Contract Size 	2500 MMBtus 	2500 MMBtus 	2500 MMBtus
Currency 	USD 	USD 	USD
Minimum Price Fluctuation 	The price quotation convention shall be One hundredth of a cent ($0.0001) per MMBtu; minimum price fluctuation may vary by trade type. Please see Table in Resolution 1 to this Chapter 18. 	The price quotation convention shall be One hundredth of a cent ($0.0001) per MMBtu; minimum price fluctuation may vary by trade type. Please see Table in Resolution 1 to this Chapter 18. 	The price quotation convention shall be One hundredth of a cent ($0.0001) per MMBtu; minimum price fluctuation may vary by trade type. Please see Table in Resolution 1 to this Chapter 18.
Listing Cycle 	Up to 72 consecutive monthly Contract Periods, or as otherwise determined by the Exchange. 	Up to 72 consecutive monthly Contract Periods, or as otherwise determined by the Exchange. 	Up to 72 consecutive monthly Contract Periods, or as otherwise determined by the Exchange.
Last Trading Day 	Four Business Days prior to the first calendar day of the Contract Period 	Four Business Days prior to the first calendar day of the Contract Period 	Four Business Days prior to the first calendar day of the Contract Period
Final Settlement 	Reference Price A minus Reference Price B 	Reference Price A minus Reference Price B 	Reference Price A minus Reference Price B
REFERENCE PRICE A 	NATURAL GAS-NYMEX 	NATURAL GAS-NYMEX 	NATURAL GAS-NYMEX
a) Ref Price A - Description 	"NATURAL GAS-NYMEX" means that the price for a Pricing Date will be that day's Specified Price per MMBtu of natural gas on the NYMEX of the Henry Hub Natural Gas Futures Contract for the Delivery Date, stated in U.S. Dollars, as made public by the NYMEX on that Pricing Date.	"NATURAL GAS-NYMEX" means that the price for a Pricing Date will be that day's Specified Price per MMBtu of natural gas on the NYMEX of the Henry Hub Natural Gas Futures Contract for the Delivery Date, stated in U.S. Dollars, as made public by the NYMEX on that Pricing Date.	"NATURAL GAS-NYMEX" means that the price for a Pricing Date will be that day's Specified Price per MMBtu of natural gas on the NYMEX of the Henry Hub Natural Gas Futures Contract for the Delivery Date, stated in U.S. Dollars, as made public by the NYMEX on that Pricing Date.
b) Ref Price A - Pricing Date 	One Business Day prior to the last scheduled trading day of the NYMEX Henry Hub Natural Gas Futures Contract for the Delivery Date 	One Business Day prior to the last scheduled trading day of the NYMEX Henry Hub Natural Gas Futures Contract for the Delivery Date 	One Business Day prior to the last scheduled trading day of the NYMEX Henry Hub Natural Gas Futures Contract for the Delivery Date
c) Ref Price A - Specified Price 	Settlement price 	Settlement price 	Settlement price
d) Ref Price A - Pricing calendar 	NYMEX 	NYMEX 	NYMEX
e) Ref Price A - Delivery Date 	Contract Period 	Contract Period 	Contract Period
REFERENCE PRICE B 	NATURAL GAS-NYMEX. 	NATURAL GAS-NYMEX. 	NATURAL GAS-NYMEX.
a) Ref Price B - Description 	"NATURAL GAS-NYMEX" means that the price for a Pricing Date will be that day's Specified Price per MMBtu of natural gas on the NYMEX of the Henry Hub Natural Gas Futures Contract for the Delivery Date, stated in U.S. Dollars, as made public by the NYMEX on that Pricing Date.	"NATURAL GAS-NYMEX" means that the price for a Pricing Date will be that day's Specified Price per MMBtu of natural gas on the NYMEX of the Henry Hub Natural Gas Futures Contract for the Delivery Date, stated in U.S. Dollars, as made public by the NYMEX on that Pricing Date.	"NATURAL GAS-NYMEX" means that the price for a Pricing Date will be that day's Specified Price per MMBtu of natural gas on the NYMEX of the Henry Hub Natural Gas Futures Contract for the Delivery Date, stated in U.S. Dollars, as made public by the NYMEX on that Pricing Date.
b) Ref Price B - Pricing Date 	One Business Day prior to the last scheduled trading day of the NYMEX Henry Hub Natural Gas Futures Contract for the Contract Period 	One Business Day prior to the last scheduled trading day of the NYMEX Henry Hub Natural Gas Futures Contract for the Contract Period 	One Business Day prior to the last scheduled trading day of the NYMEX Henry Hub Natural Gas Futures Contract for the Contract Period
c) Ref Price B - Specified Price 	Settlement Price 	Settlement Price 	Settlement Price
d) Ref Price B - Pricing Calendar 	NYMEX 	NYMEX 	NYMEX
e) Ref Price B - Delivery Date 	Fifth Nearby Month 	Fifth Nearby Month 	Fifth Nearby Month
Final Payment Date 	The first Clearing Organization business day following the Last Trading Day 	The first Clearing Organization business day following the Last Trading Day 	The first Clearing Organization business day following the Last Trading Day
MIC Code 	IFED 	IFED 	IFED
Clearing Venues 	ICEU 	ICEU 	ICEU
Trading Hours 	CITY 	TRADING 	PRE-OPEN
Trading Hours 	NEW YORK 	7:50 PM - 6:00 PM*
19:50 - 18:00 	7:40 PM
19:40
Trading Hours 	LONDON 	12:50 AM - 11:00 PM*
00:50 - 23:00 	12:40 AM
00:40
Trading Hours 	SINGAPORE 	8:50 AM - 7:00 AM*
08:50 - 07:00 	8:40 AM
08:40
Trading Hours 	*Next Day
Sunday Pre-Open 5:10 PM ET; Closed on Saturday 	*Next Day
Sunday Pre-Open 5:10 PM ET; Closed on Saturday 	*Next Day
Sunday Pre-Open 5:10 PM ET; Closed on Saturday
Codes 	Clearing Admin Name 	Henry CSO 	Henry CSO
Codes 	Physical 	HHR 	HHR
Codes 	Logical 	HHR 	HHR
Codes 	GMI (FC) 	0M 	0M
Codes 	ION A.C.N. 	None 	None
Henry Penultimate 4-Month Calendar Spread Options	Henry Penultimate 4-Month Calendar Spread Options 	Henry Penultimate 4-Month Calendar Spread Options 	Henry Penultimate 4-Month Calendar Spread Options
Trading Screen Product Name 	NG Pen Futures 	NG Pen Futures 	NG Pen Futures
Trading Screen Hub Name 	Henry CSO 4 Month 	Henry CSO 4 Month 	Henry CSO 4 Month
Contract Symbol 	HHR 	HHR 	HHR
Settlement Method 	Exercise into Underlying Futures Contract 	Exercise into Underlying Futures Contract 	Exercise into Underlying Futures Contract
Contract Size 	2500 MMBtus 	2500 MMBtus 	2500 MMBtus
Currency 	USD 	USD 	USD
Minimum Price Fluctuation 	The price quotation convention shall be One hundredth of a cent ($0.0001) per MMBtu; minimum price fluctuation may vary by trade type. Please see Table in Resolution 1 to this Chapter 18. 	The price quotation convention shall be One hundredth of a cent ($0.0001) per MMBtu; minimum price fluctuation may vary by trade type. Please see Table in Resolution 1 to this Chapter 18. 	The price quotation convention shall be One hundredth of a cent ($0.0001) per MMBtu; minimum price fluctuation may vary by trade type. Please see Table in Resolution 1 to this Chapter 18.
Contract Series 	Up to 72 consecutive monthly Contract Period 	Up to 72 consecutive monthly Contract Period 	Up to 72 consecutive monthly Contract Period
Last Trading Day 	At 2:30pm EPT on the fourth Business Day prior to the first calendar day of the Contract Period 	At 2:30pm EPT on the fourth Business Day prior to the first calendar day of the Contract Period 	At 2:30pm EPT on the fourth Business Day prior to the first calendar day of the Contract Period
Option Style 	European 	European 	European
Exercise 	Automatic Only
Manual exercise or abandon is not permitted
Options which are "in the money", with respect to Reference Price A, exercise automatically into the Underlying Futures Contract with a contract price equal to the Strike Price. Options which are "out of the money", expire automatically.
Exercise Day is the Last Trading Day	Automatic Only
Manual exercise or abandon is not permitted
Options which are "in the money", with respect to Reference Price A, exercise automatically into the Underlying Futures Contract with a contract price equal to the Strike Price. Options which are "out of the money", expire automatically.
Exercise Day is the Last Trading Day	Automatic Only
Manual exercise or abandon is not permitted
Options which are "in the money", with respect to Reference Price A, exercise automatically into the Underlying Futures Contract with a contract price equal to the Strike Price. Options which are "out of the money", expire automatically.
Exercise Day is the Last Trading Day
REFERENCE PRICE A 	NATURAL GAS-NYMEX 	NATURAL GAS-NYMEX 	NATURAL GAS-NYMEX
a) Ref Price A - Description 	"NATURAL GAS-NYMEX" means that the price for a Pricing Date will be that day's Specified Price per MMBtu of natural gas on the NYMEX of the Henry Hub Natural Gas Futures Contract for the Delivery Date, stated in U.S. Dollars, as made public by the NYMEX on that Pricing Date.	"NATURAL GAS-NYMEX" means that the price for a Pricing Date will be that day's Specified Price per MMBtu of natural gas on the NYMEX of the Henry Hub Natural Gas Futures Contract for the Delivery Date, stated in U.S. Dollars, as made public by the NYMEX on that Pricing Date.	"NATURAL GAS-NYMEX" means that the price for a Pricing Date will be that day's Specified Price per MMBtu of natural gas on the NYMEX of the Henry Hub Natural Gas Futures Contract for the Delivery Date, stated in U.S. Dollars, as made public by the NYMEX on that Pricing Date.
b) Ref Price A - Pricing Date 	One Business Day prior to the last scheduled trading day of the NYMEX Henry Hub Natural Gas Futures Contract for the Delivery Date 	One Business Day prior to the last scheduled trading day of the NYMEX Henry Hub Natural Gas Futures Contract for the Delivery Date 	One Business Day prior to the last scheduled trading day of the NYMEX Henry Hub Natural Gas Futures Contract for the Delivery Date
c) Ref Price A - Specified Price 	Settlement price 	Settlement price 	Settlement price
d) Ref Price A - Pricing calendar 	NYMEX 	NYMEX 	NYMEX
e) Ref Price A - Delivery Date 	Contract Period 	Contract Period 	Contract Period
REFERENCE PRICE B 	NATURAL GAS-NYMEX 	NATURAL GAS-NYMEX 	NATURAL GAS-NYMEX
a) Ref Price B - Description 	"NATURAL GAS-NYMEX" means that the price for a Pricing Date will be that day's Specified Price per MMBtu of natural gas on the NYMEX of the Henry Hub Natural Gas Futures Contract for the Delivery Date, stated in U.S. Dollars, as made public by the NYMEX on that Pricing Date.	"NATURAL GAS-NYMEX" means that the price for a Pricing Date will be that day's Specified Price per MMBtu of natural gas on the NYMEX of the Henry Hub Natural Gas Futures Contract for the Delivery Date, stated in U.S. Dollars, as made public by the NYMEX on that Pricing Date.	"NATURAL GAS-NYMEX" means that the price for a Pricing Date will be that day's Specified Price per MMBtu of natural gas on the NYMEX of the Henry Hub Natural Gas Futures Contract for the Delivery Date, stated in U.S. Dollars, as made public by the NYMEX on that Pricing Date.
b) Ref Price B - Pricing Date 	One Business Day prior to the last scheduled trading day of the NYMEX Henry Hub Natural Gas Futures Contract for the Delivery Date 	One Business Day prior to the last scheduled trading day of the NYMEX Henry Hub Natural Gas Futures Contract for the Delivery Date 	One Business Day prior to the last scheduled trading day of the NYMEX Henry Hub Natural Gas Futures Contract for the Delivery Date
c) Ref Price B - Specified Price 	Settlement Price 	Settlement Price 	Settlement Price
d) Ref Price B - Pricing Calendar 	NYMEX 	NYMEX 	NYMEX
e) Ref Price B - Delivery Date 	Fifth Nearby Month 	Fifth Nearby Month 	Fifth Nearby Month
Strike Price Listing Provisions 	A minimum of 10 Strike Prices in increments of $0.25 per MMBtu above and below the at-the-money Strike Price. Strike Price boundaries are adjusted according to futures price movements. User-defined Strike Prices are allowed in $0.001 increments. 	A minimum of 10 Strike Prices in increments of $0.25 per MMBtu above and below the at-the-money Strike Price. Strike Price boundaries are adjusted according to futures price movements. User-defined Strike Prices are allowed in $0.001 increments. 	A minimum of 10 Strike Prices in increments of $0.25 per MMBtu above and below the at-the-money Strike Price. Strike Price boundaries are adjusted according to futures price movements. User-defined Strike Prices are allowed in $0.001 increments.
MIC Code 	IFED 	IFED 	IFED
Clearing Venues 	ICEU 	ICEU 	ICEU
Trading Hours 	CITY 	TRADING 	PRE-OPEN
Trading Hours 	NEW YORK 	7:50 PM - 6:00 PM*
19:50 - 18:00 	7:40 PM
19:40
Trading Hours 	LONDON 	12:50 AM - 11:00 PM*
00:50 - 23:00 	12:40 AM
00:40
Trading Hours 	SINGAPORE 	8:50 AM - 7:00 AM*
08:50 - 07:00 	8:40 AM
08:40
Trading Hours 	*Next Day
Sunday Pre-Open 5:40 PM ET; Closed on Saturday 	*Next Day
Sunday Pre-Open 5:40 PM ET; Closed on Saturday 	*Next Day
Sunday Pre-Open 5:40 PM ET; Closed on Saturday
Codes 	Clearing Admin Name 	Henry CSO 	Henry CSO
Codes 	Physical 	HHR 	HHR
Codes 	Logical 	HHR 	HHR
Codes 	GMI (FC) 	0M 	0M
Codes 	ION A.C.N. 	None 	None
== Notes ==
==References==
==Resources==
ICE Henry Penultimate 4-Month Calendar Spread Product Spec
ICE Option on Henry Penultimate 4-Month Calendar Spread Product Spec
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