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Contract specifications

Victorian Wholesale Gas Futures
Unit One hundred (100) Gigajoules (GJ) of natural gas per day over the period of a Calendar Quarter.
Contract Months March / June / September / December sufficient to support two calendar and two financial years ahead.
Commodity Code GX
Minimum Price Movement Prices are quoted in dollars and cents per GJ.
The minimum fluctuation is $0.01.
Last Trading Day Last Business Day of the Calendar Quarter 
Settlement Day The fourth Business Day following the Final Trading Day.
Trading Hours 8.30am - 4.00pm AEST (during US daylight saving time)
8.30am - 4.00pm AEST (during US non daylight saving time)
Settlement Method Cash Settled

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Victorian Wholesale Gas Strip Futures Products
Contract Unit Four Victorian Wholesale Gas Futures contracts
Contract Months 2 calendar year and 2 financial year strip products
Commodity Code GY
Minimum Price Movement

Prices are quoted in dollars and cents per GJ.

The minimum fluctuation is $0.01.

Last Trading Day The Last Business Day (in Victoria) in the month prior to the commencement of the first futures contract in the relevant strip futures product. 
Trading Hours 8.30am - 4.00pm AEST (during US daylight saving time)
8.30am - 4.00pm AEST (during US non daylight saving time)
Settlement Method n/a

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Options over Victorian Wholesale Gas Futures Contracts - Listing dates for Options will be announced in due course.
Contract Unit An Option over four predetermined Victorian Wholesale Gas Futures Contracts.
Contract Months Put and Call options available on up to 2 calendar year strip futures products
Commodity Code GY
Minimum Price Movement Prices are quoted in dollars and cents per GJ
The minimum fluctuation is $0.01.
Exercise Prices $0.25. New option exercise prices created automatically as the underlying futures contract price moves.
Contract Expiry Options will cease trading at 4:30pm AEST on the Last Trading Day. The Last Trading Day shall be the day 6 weeks prior to the day immediately preceding the commencement of the Contract Year for the underlying Strip Futures product. If this day is not a Business Day in NSW or VIC then the following business day will be the expiry day. ASX will publish expiry dates in advance of new contracts being listed.
Trading Hours 8.30am - 4.00pm AEST (during US daylight saving time)
8.30am - 4.00pm AEST (during US non daylight saving time)
Settlement Method Options may be exercised on any business day up to and including the day of expiry. In-the-money options are not automatically exercised at expiry. Buyers may exercise in, at and out-of-the-money option positions held, by lodging a notice of exercise. On receipt of the exercise request, the options will be exercised against a random selection of seller positions, and the resultant futures legs automatically recorded in the Buyer and Seller’s account.

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