ICE Henry LD1 Fixed Price

A monthly cash settled Exchange Futures Contract based upon the monthly price published by NYMEX for the location specified in Reference Price A.
Henry LD1 Fixed Price Futures 	Henry LD1 Fixed Price Futures 	Henry LD1 Fixed Price Futures 	Henry LD1 Fixed Price Futures
Trading Screen Product Name 	NG LD1 Futures 	NG LD1 Futures 	NG LD1 Futures
Trading Screen Hub Name 	Henry 	Henry 	Henry
Contract Symbol 	H 	H 	H
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 tenth of a cent ($0.001) 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 tenth of a cent ($0.001) 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 tenth of a cent ($0.001) per MMBtu; minimum price fluctuation may vary by trade type. Please see Table in Resolution 1 to this Chapter 18.
Listing Cycle 	Up to 156 consecutive monthly Contract Periods 	Up to 156 consecutive monthly Contract Periods 	Up to 156 consecutive monthly Contract Periods
Last Trading Day 	Three Business Days prior to the first calendar day of the Contract Period 	Three Business Days prior to the first calendar day of the Contract Period 	Three Business Days prior to the first calendar day of the Contract Period
Final Settlement 	Final Settlement 	Final Settlement 	Final Settlement
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 	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 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
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
Markers 	TAS (Trade at Settlement) 	TAS (Trade at Settlement) 	TAS (Trade at Settlement)
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; Sunday Open 5:50 PM ET; Closed on Saturday 	*Next Day
Sunday Pre-Open 5:10 PM ET; Sunday Open 5:50 PM ET; Closed on Saturday 	*Next Day
Sunday Pre-Open 5:10 PM ET; Sunday Open 5:50 PM ET; Closed on Saturday
Codes 	Clearing Admin Name 	Henry Nat Gas 	Henry Nat Gas
Codes 	Physical 	H 	H
Codes 	Logical 	HNG 	HNG
Codes 	GMI (FC) 	NN 	NN
Codes 	ION A.C.N. 	R754 	R754
Henry Cal 1X Fixed Price Options 	Henry Cal 1X Fixed Price Options 	Henry Cal 1X Fixed Price Options 	Henry Cal 1X Fixed Price Options
Trading Screen Product Name 	Natural Gas NYMEX LD1 Futures 	Natural Gas NYMEX LD1 Futures 	Natural Gas NYMEX LD1 Futures
Trading Screen Hub Name 	Henry Cal 1x 	Henry Cal 1x 	Henry Cal 1x
Contract Symbol 	HHA 	HHA 	HHA
Settlement Method 	Exercise into Underlying Futures Contract 	Exercise into Underlying Futures Contract 	Exercise into Underlying Futures Contract
Contract Size 	2,500 MMBtus 	2,500 MMBtus 	2,500 MMBtus
Currency 	USD 	USD 	USD
Minimum Price Fluctuation 	The price quotation convention shall be one hundredth of 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 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 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 10 consecutive January - December yearly Contract Periods, or as otherwise determined by the Exchange. 	Up to 10 consecutive January - December yearly Contract Periods, or as otherwise determined by the Exchange. 	Up to 10 consecutive January - December yearly Contract Periods, or as otherwise determined by the Exchange.
Last Trading Day 	At 2:30pm EPT on the sixth Business Day prior to the first calendar day of the first Contract Period in the basket 	At 2:30pm EPT on the sixth Business Day prior to the first calendar day of the first Contract Period in the basket 	At 2:30pm EPT on the sixth Business Day prior to the first calendar day of the first Contract Period in the basket
Option Style 	European 	European 	European
Exercise 	Automatic Only
Manual exercise or abandon is not permitted
Exercise Day: The Last Trading Day
Automatic Exercise Provisions
Options which are ""in the money"", with respect to the weighted average of the Reference Price A prices, will exercise automatically into twelve Underlying Futures Contracts, one for each contract month in the Contract Period, with a contract price equal to the Strike Price. The weighted average shall be determined by multiplying the Specified Price for each Delivery Date, as specified in Reference Price A, by its Weighting Factor to determine the weighted prices, summing the weighted prices, and then dividing that sum by the sum of the Weighting Factors.
For purposes of this Exchange Option, the ""Weighting Factor"" shall mean a number equal to the number of calendar days in the Contract Period of the Underlying Futures Contract. Each Contract Period in the basket will have its own Weighting Factor.
If the option is ""out of the money"", then it expires automatically.	Automatic Only
Manual exercise or abandon is not permitted
Exercise Day: The Last Trading Day
Automatic Exercise Provisions
Options which are ""in the money"", with respect to the weighted average of the Reference Price A prices, will exercise automatically into twelve Underlying Futures Contracts, one for each contract month in the Contract Period, with a contract price equal to the Strike Price. The weighted average shall be determined by multiplying the Specified Price for each Delivery Date, as specified in Reference Price A, by its Weighting Factor to determine the weighted prices, summing the weighted prices, and then dividing that sum by the sum of the Weighting Factors.
For purposes of this Exchange Option, the ""Weighting Factor"" shall mean a number equal to the number of calendar days in the Contract Period of the Underlying Futures Contract. Each Contract Period in the basket will have its own Weighting Factor.
If the option is ""out of the money"", then it expires automatically.	Automatic Only
Manual exercise or abandon is not permitted
Exercise Day: The Last Trading Day
Automatic Exercise Provisions
Options which are ""in the money"", with respect to the weighted average of the Reference Price A prices, will exercise automatically into twelve Underlying Futures Contracts, one for each contract month in the Contract Period, with a contract price equal to the Strike Price. The weighted average shall be determined by multiplying the Specified Price for each Delivery Date, as specified in Reference Price A, by its Weighting Factor to determine the weighted prices, summing the weighted prices, and then dividing that sum by the sum of the Weighting Factors.
For purposes of this Exchange Option, the ""Weighting Factor"" shall mean a number equal to the number of calendar days in the Contract Period of the Underlying Futures Contract. Each Contract Period in the basket will have its own Weighting Factor.
If the option is ""out of the money"", then it expires automatically.
REFERENCE PRICE A 	NATURAL GAS-ICE 	NATURAL GAS-ICE 	NATURAL GAS-ICE
a) Ref Price A - Description 	"NATURAL GAS-ICE" means that the price for a Pricing Date will be that day's Specified Price per MMBtu of natural gas on ICE of the Henry Hub Natural Gas Futures Contract for the Delivery Date, stated in U.S. Dollars, as made public by ICE on that Pricing Date	"NATURAL GAS-ICE" means that the price for a Pricing Date will be that day's Specified Price per MMBtu of natural gas on ICE of the Henry Hub Natural Gas Futures Contract for the Delivery Date, stated in U.S. Dollars, as made public by ICE on that Pricing Date	"NATURAL GAS-ICE" means that the price for a Pricing Date will be that day's Specified Price per MMBtu of natural gas on ICE of the Henry Hub Natural Gas Futures Contract for the Delivery Date, stated in U.S. Dollars, as made public by ICE on that Pricing Date
b) Ref Price A - Pricing Date 	Three Business Days prior to the last scheduled trading day of the ICE Henry Hub Natural Gas Futures Contract for the Contract Period in the basket 	Three Business Days prior to the last scheduled trading day of the ICE Henry Hub Natural Gas Futures Contract for the Contract Period in the basket 	Three Business Days prior to the last scheduled trading day of the ICE Henry Hub Natural Gas Futures Contract for the Contract Period in the basket
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 	Each Contract Period in the basket 	Each Contract Period in the basket 	Each Contract Period in the basket
Strike Price Listing Provisions 	A minimum of 10 Strike Prices in increments of $1.00 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 $1.00 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 $1.00 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 5:10 PM ET; Sunday Open 5:50 PM ET; Closed on Saturday 	*Next Day
Sunday Pre-Open 5:10 PM ET; Sunday Open 5:50 PM ET; Closed on Saturday 	*Next Day
Sunday Pre-Open 5:10 PM ET; Sunday Open 5:50 PM ET; Closed on Saturday
Codes 	Clearing Admin Name 	Henry Nat Gas 	Henry Nat Gas
Codes 	Physical 	HHA 	HHA
Codes 	Logical 	HHA 	HHA
Codes 	GMI (FC) 	None 	None
Codes 	ION A.C.N. 	None 	None
== Notes ==
==References==
==Resources==
ICE Henry LD1 Fixed Price Future Product Spec
ICE Henry Cal 1X Fixed Price Options Product Spec
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