CME NYMEX: TTE Dutch TTF Natural Gas (USD/MMBtu) (ICIS Heren) Front Month Futures prices chart

Dutch TTF Natural Gas (USD/MMBtu) (ICIS Heren) Front Month Futures (CME NYMEX: TTE) Contract Specifications

Product Code: CME Globex: TTE, CME ClearPort: TTE, Clearing: TTE

Contract Unit: 10,000 MMBtu
Price Quotation: U.S. Dollars and Cents per MMBtu
Minimum Price Fluctuation: $0.001 per MMBtu
Settlement Method: Financially Settled

Listed Contracts: Monthly contracts listed for the current year and the next 3 calendar years. Monthly contracts for a new calendar year will be added following the termination of trading in the December contract of the current year.

Floating Price: The Floating Price for each Contract Month will be determined with reference to the midpoint between the bid and offer quotations for the TTF price assessment in US dollars per million British thermal units for the Contract Month, published by ICIS Heren in the European Spot Gas Market report on the Last Trading Day. For the avoidance of doubt, the calculated Floating Price will be rounded to three Decimal Places.The FX conversion from local currency to US dollars is done by ICIS Heren.

Termination of Trading: Trading terminates on the 3rd US business day immediately preceding the first calendar day of the Contract Month. If that day is not a London business day, trading terminates on the first preceding business day which is both a US and a London Business Day. On the last trading day, the trading terminates at 16:30 UK prevailing time (normally 11:30 ET).

Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)


[Meaning] Floating Price : In a swap contract, the floating price is the leg that depends on the level of a variable, such as an interest rate, currency exchange rate, or price of an asset. Most swaps involve a floating and a fixed leg, although it is possible for both legs to be floating. The party paying the floating rate expects that rate to decline over the life of the swap. A swap is an agreement between two parties to exchange sequences of cash flows for a set period of time. Usually, at the time of contract initiation, at least one of these series of cash flows is determined by a random or uncertain variable, such as an interest rate, foreign exchange rate, equity price or commodity price.