ICE Endex French PEG Natural Gas Daily Futures Sample Clauses

ICE Endex French PEG Natural Gas Daily Futures. Contract 1 Business Day prior to the Delivery Day (D-1) Cessation of Trading At 18:00 CET Daily Contract ceases trading. Submission of delivery intentions for ICE Endex French PEG Natural Gas Daily Futures Contract By 18:30 CET Buyer and Seller must, for all deliverable Open Contract Positions, submit delivery intentions via ECS for ICE Endex French PEG Natural Gas Daily Futures Contract.
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ICE Endex French PEG Natural Gas Daily Futures. Contract Seller’s Security and Xxxxx’s Default Top up D+2 By 10:00 CET In the event of a failed delivery, the Clearing House may call additional Seller’s Security and/or Buyer’s Security. Failed Delivery 24 to 29 Business Days following the Delivery Day (D+24 to D+29) By 10:00 CET The Clearing House makes the Invoice and Credit Note Report available to Sellers and Buyers for the failed deliveries. Payment for Failed Delivery 26 to 40 Business Days following the Delivery Day (D+26 to D+40) By 10:00 CET Seller makes payment for the failed deliveries. Buyers make/receive payment or take receipt for the failed deliveries. Release of Xxxxxx’s and Xxxxx’s Security against Failed Deliveries 27 to 41 Business Days following the Delivery Day (D+27 to D+41) By 10:00 CET Seller’s Security and Xxxxx’s Security held against failed deliveries is released following confirmation that payment has been made. Note: in the event of a failed delivery, the Clearing House may retain Buyer’s Security and/or Seller’s Security. Note: the above timetables can be altered without notice at the discretion of the Clearing House.

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