Delivery period

The delivery period for the various contracts is as follows:

CONTRACT	DELIVERY PERIOD
Gas Futures	Annual, Seasonal, Quarterly, Monthly, Balance of the month (BoM), Weekly and Balance of the Week (BoW)
Gas Day-Ahead	Daily Contracts.

Differences between the various products:

Balance of the Month, Balance of the Week and Day-Ahead contracts do not have Variation Margin; Future Contracts have Variation Margin.
Annual, Seasonal and Quarterly contracts expire through the cascade process (they are converted into shorter contracts), three working days prior to the first day of the delivery period.
Monthly and Weekly contracts will be settled through daily partial delivery and are prepared two working days before the first day of the contracts Delivery Period.
Day-Ahead contracts and contracts originating from daily partial delivery expire the day before the contract, nomination is carried out the day before the contract and delivery is settled on the day of the contract (except for Saturdays, Sundays or Target holidays).

The delivery periods for an Annual, Seasonal, Quarterly, Monthly and Weekly contracts are the days covered, depending on the type of product:

CONTRACT	DELIVERY PERIOD
Day-Ahead	Day.
Weekly	Full week: the first day will be on Monday and the last day will be on Sunday. Balance of the Week: the first day will be D+2 (business day) and the last day will be the last day of the week.
Monthly	The first day will be the first day of the month and the last day will be the last day of the month. Balance of the Month: the first day will be D+2 (business day) and the last day will be the last day of the month.
Quarterly	The first day will be the first day of January, April, July and October, as applicable, and the last day will be the last day of March, June, September and December, as applicable.
Seasonal	The first day will be the first day of October or April, as applicable, and the last day will be the last day of March or September.
Annual	The first day will be the first day of January and the last day will be the last day of December.

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