Spreadsheet: mark_taylor__24725__ClickInTradingProducts
Sheet: UKGas

Short Description Boxes for UK Gas |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | FOR OPTIONS
Financial |  | Location |  | Term |  | Year |  | Settlement Index |  | Currency |  | Units |  | Option Type |  | Option Strike
Swap |  | NBP |  | Monthly (Jan - Dec) |  | 1999 |  | IPE Prompt Month Average |  | USD |  | therms |  | Call
Option |  |  |  | Quartely (Q1 - Q4) |  | 2000 |  | Heren Index |  | GBP |  | MMBtu |  | Put
 |  |  |  | Gas Year |  | 2001 |  |  |  | EUR |  | kWh
 |  |  |  | Cal Year |  |  |  |  |  |  |  | GJ
Physical |  | Location |  | Term |  | Year |  |  |  | Currency |  | Units |  | Swing % |  | Option Type |  | Option Strike
Swap |  | NBP |  | Within Day |  | 1999 |  |  |  | USD |  | therms |  |  |  | Call
Option |  | Bacton |  | Day Ahead |  | 2000 |  |  |  | GBP |  | MMBtu |  |  |  | Put
Swing |  | St.Fergus |  | Balance of Month |  | 2001 |  |  |  | EUR |  | kWh
Capacity |  | Teesside |  | [NAME] |  |  |  |  |  |  |  | GJ
 |  |  |  | Monthly (Jan - Dec)
 |  |  |  | Quartely (Q1 - Q4)
 |  |  |  | Summer
 |  |  |  | Winter
 |  |  |  | Gas Year
 |  |  |  | Cal Year
Notes: | Expiration date for financial options is an industry standard and has to be specified in GTSc ( for example: -5 days).
Long Descriptions
Location | NBP |  | the conceptual point on the NTS (National Transmission System the main pipeline system operated by [NAME] for the conveyance of Natural Gas) at which Natural Gas may be the subject of Trade Nominations made through UK Link in accordance with the terms of the Network Code.
 | Network Code |  | a document prepared by [NAME] pursuant to it's public transporters licence and relating to its princiapl pipeline system.
 | Bacton |  | an Individual System Point (on the NTS or an LDZ) at which gas can flow into the System.
 | Teesside |  | an Individual System Point (on the NTS or an LDZ) at which gas can flow into the System.
 | St Fergus |  | an Individual System Point (on the NTS or an LDZ) at which gas can flow into the System.
Term
 | Jun |  | a period from 06:00 hrs 1st June to 06:00 hrs 1st July
 | 1999-07-01 00:00:00 |  | July 99 - means the period 06:00 hrs 1st July 1999 to 06:00 hrs 1st August 1999.
 | Q3 99 |  | Q3 99 - means the period 06:00 hrs 1st July 1999 to 06:00 hrs 1st October 1999.
 | Q4 99 |  | [NAME] 99 - means the period 06:00 hrs 1st October 1999 to 06:00 hrs 1st January 2000.
 | Q1 00 |  | Q1 00 - means the period 06:00 hrs 1st January 2000 to 06:00 hrs 1st April 2000.
 | Gas Year |  | a period from 06:00 hrs 1st October  to 06:00 hrs 1st October
 | Gas Year 2000 |  | Gas Year 2000 - means the period 06:00 hrs 1st October 2000 to 06:00 hrs 1st October 2001.
 | Calender Year 2000 |  | Calender Year 2000 - means the period 06:00 hrs 1st January 2000 to 06:00 hrs 1st January 2001.
 | Summer 2000 |  | Summer 2000 - means the period 06:00 hrs 1st November 2000 to 06:00 hrs 1st May 2001.
 | Summer 2001 |  | Summer 2001 - means the period 06:00 hrs 1st November 2001 to 06:00 hrs 1st May 2002.
 | Winter 2000 |  | Winter 2000 - means the period 06:00 hrs 1st May 2000 to 06:00 hrs 1st October 2000.
 | Winter 2001 |  | Winter 2001 - means the period 06:00 hrs 1st May 2001 to 06:00 hrs 1st October 2001.
 | Within Day |  | Within Day - means the period 06:00 hrs today to 06:00 hrs tomorrow.
 | Day Ahead |  | Day Ahead - means the period 06:00 hrs tomorrow to 06:00 hrs the day after.
 | Balance of Month |  | Balance of Month - means the period 06:00 hrs today to 06:00 of the 1st Day of the next Calendar Month.
 | Prompt Month |  | Prompt Month - means the period 06:00 hrs of the 1st Day of the next Calendar Month to 06:00 hrs of the 1st Day of the following Calendar Month
Settlement Index | IPE Prompt Month Average - in respect of each month of the Supply Period the arithmetic average of the daily official settlement prices for the first month IPE natural gas contract. | IPE Prompt Month Average - in respect of each month of the Supply Period the arithmetic average of the daily official settlement prices for the first month IPE natural gas contract.
 | Heren Index - in respect of each month of the Supply Period the arithmetic average of the daily official settlement prices for the Heren Index. | Heren Index - in respect of each month of the Supply Period the arithmetic average of the daily official settlement prices for the Heren Index.
Option Type | Call Option - gives the buyer (the holder) the right but not the obligation to buy an underlying asset for a specified price within a specified period of time in exchange for a one time premium payment. | Call Option - gives the buyer (the holder) the right but not the obligation to buy an underlying asset for a specified price within a specified period of time in exchange for a one time premium payment.
 | Put Option - gives the buyer (the holder) the right but not the obligation to sell an underlying asset for a specified price within a specified period of time in exchange for a one time premium payment. | Put Option - gives the buyer (the holder) the right but not the obligation to sell an underlying asset for a specified price within a specified period of time in exchange for a one time premium payment.
Examples:
Short Description: | UK Gas Financial Swap, NBP, Jun 1999, Settled at IPE
Long Description: | This is a Financial Swap for Natural Gas at a conceptual point on the National Transmission System operated by [NAME] at which Natural Gas
 | may be the subject of Trade Nominations made through UK Link in accordance with the terms of the Network Code,
 | for the period 06:00 hrs 1st June 1999 to 06:00 hrs 1st July 1999 and settled using the arithmetic average of the daily official settlement
 | prices for the first month IPE natural gas contract.
Short Description: | UK Gas Financial Call Option, NBP, Jun-99, Strike 8.5 p/th, Settled at IPE
Long Description: | This is a Financial Call Option for Natural Gas which gives the buyer (the holder) the right but not the obligation to buy gas
 | at a conceptual point on the National Transmission System operated by [NAME] at which Natural Gas
 | may be the subject of Trade Nominations made through UK Link in accordance with the terms of the Network Code,
 | for the period 06:00 hrs 1st June 1999 to 06:00 hrs 1st July 1999 and settled by taking the difference between a Strike Price of
 | 8.85 pence per therm and the arithmetic average of the daily official settlement
 | the arithmetic average of the daily official settlement prices for the first month IPE natural gas contract.
Short Description: | UK Gas Physical Swap, Bacton, Within Day
Long Description: | This is a Physical Swap for Natural at Bacton (an Individual System Point (on the NTS or an LDZ) at which gas can flow into the System),
 | for the period 06:00 hrs today to 06:00 hrs tomorrow.
Short Description: | UK Gas Physical Swing 140/90, Bacton, Prompt Month
Long Description: | This is a Physical Swap for Natural at Bacton (an Individual System Point (on the NTS or an LDZ) at which gas can flow into the System),
 | for a swing of 140/90 for the period 06:00 hrs of the 1st Day of the next Calendar Month to 06:00 hrs of the 1st Day of the following Calendar Month.
Short Description: | UK Gas Physical Put Option, NBP, Gas Year 2001, Strike 12 p/th
Long Description: | This is a Physical Put Option for Natural Gas which gives the buyer (the holder) the right but not the obligation to sell at a conceptual point
 | on the National Transmission System operated by [NAME] at which Natural Gas
 | may be the subject of Trade Nominations made through UK Link in accordance with the terms of the Network Code,
 | for the period 06:00 hrs 1st October 2001 to 06:00 hrs 1st October 2002, for a Strike of 12 pence per therm.