ICE AB NIT Basis

A monthly cash settled Exchange Futures Contract based upon the mathematical result of subtracting the price of the NYMEX Henry Hub Natural Gas Futures Contract, as defined in Reference Price B, from the monthly price published by Canadian Gas Price Reporter for the location specified in Reference Price A.
AB NIT Basis Futures 	AB NIT Basis Futures 	AB NIT Basis Futures 	AB NIT Basis Futures
Trading Screen Product Name 	NG Basis LD1 for NGX 7a Futures 	NG Basis LD1 for NGX 7a Futures 	NG Basis LD1 for NGX 7a Futures
Trading Screen Hub Name 	AB-NIT 	AB-NIT 	AB-NIT
Contract Symbol 	AEC 	AEC 	AEC
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 ($0.0001) per MMBtu; minimum price fluctuation may vary by trade type. Please see Table in Resolution 1 to this Chapter 18.
Listing Cycle 	Up to 120 consecutive monthly Contract Periods, or as otherwise determined by the Exchange. 	Up to 120 consecutive monthly Contract Periods, or as otherwise determined by the Exchange. 	Up to 120 consecutive monthly Contract Periods, or as otherwise determined by the Exchange.
Last Trading Day 	The last Business Day prior to the first calendar day of the Contract Period 	The last Business Day prior to the first calendar day of the Contract Period 	The last Business Day prior to the first calendar day of the Contract Period
Final Settlement 	Reference Price A minus Reference Price B 	Reference Price A minus Reference Price B 	Reference Price A minus Reference Price B
REFERENCE PRICE A 	NATURAL GAS NGX AB-NIT MONTH AHEAD INDEX 7A (US$/MMBTU)-CANADIAN GAS PRICE REPORTER 	NATURAL GAS NGX AB-NIT MONTH AHEAD INDEX 7A (US$/MMBTU)-CANADIAN GAS PRICE REPORTER 	NATURAL GAS NGX AB-NIT MONTH AHEAD INDEX 7A (US$/MMBTU)-CANADIAN GAS PRICE REPORTER
a) Ref Price A - Description 	"NATURAL GAS NGX AB-NIT MONTH AHEAD INDEX 7A (US$/MMBTU)-CANADIAN GAS PRICE REPORTER" means that the price for a Pricing Date will be that day's Specified Price per MMBTU of natural gas for delivery on the Delivery Date, stated in U.S. Dollars, published under the heading "Monthly Canadian and U.S. natural gas price summary: Canadian Domestic Gas Prices: NGX AB-NIT Month Ahead Index (7A): US$/MMBtu" in the issue of Canadian Gas Price Reporter that reports prices effective for that Pricing Date.	"NATURAL GAS NGX AB-NIT MONTH AHEAD INDEX 7A (US$/MMBTU)-CANADIAN GAS PRICE REPORTER" means that the price for a Pricing Date will be that day's Specified Price per MMBTU of natural gas for delivery on the Delivery Date, stated in U.S. Dollars, published under the heading "Monthly Canadian and U.S. natural gas price summary: Canadian Domestic Gas Prices: NGX AB-NIT Month Ahead Index (7A): US$/MMBtu" in the issue of Canadian Gas Price Reporter that reports prices effective for that Pricing Date.	"NATURAL GAS NGX AB-NIT MONTH AHEAD INDEX 7A (US$/MMBTU)-CANADIAN GAS PRICE REPORTER" means that the price for a Pricing Date will be that day's Specified Price per MMBTU of natural gas for delivery on the Delivery Date, stated in U.S. Dollars, published under the heading "Monthly Canadian and U.S. natural gas price summary: Canadian Domestic Gas Prices: NGX AB-NIT Month Ahead Index (7A): US$/MMBtu" in the issue of Canadian Gas Price Reporter that reports prices effective for that Pricing Date.
b) Ref Price A - Pricing Date 	First publication date of Contract Period 	First publication date of Contract Period 	First publication date of Contract Period
c) Ref Price A - Specified Price 	Index 	Index 	Index
d) Ref Price A - Pricing calendar	Canadian Gas Price Reporter 	Canadian Gas Price Reporter 	Canadian Gas Price Reporter
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 	Last scheduled trading day of the NYMEX Henry Hub Natural Gas Futures Contract for the Delivery Date 	Last scheduled trading day of the NYMEX Henry Hub Natural Gas Futures Contract for the Delivery Date 	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 	Contract Period 	Contract Period 	Contract Period
Final Payment Date 	The Clearing Organization business day following the first Canadian business day following the Last Trading Day 	The Clearing Organization business day following the first Canadian business day following the Last Trading Day 	The Clearing Organization business day following the first Canadian 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 	Canada Basis 	Canada Basis
Codes 	Physical 	AEC 	AEC
Codes 	Logical 	AEC 	AEC
Codes 	GMI (FC) 	NB 	NB
Codes 	ION A.C.N. 	NA83 	NA83
== Notes ==
==References==
==Resources==
ICE AB NIT Basis Product Spec
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