Delivery period

The delivery period of the different contracts is defined according to the following table:

CONTRACT	DELIVERY PERIOD
Future Natural Gas and Natural Gas referenced to TTF	Calendar, Season, Quarterly, Monthly, Balance of the Month (BoM), Weekly and Balance of the Week (BoW)*
Day-ahead Natural Gas	Daily*
Future Liquefied Natural Gas and Liquefied Natural Gas referenced to TTF	Daily deliveries during the next two months

*Only available for fixed-price Natural Gas futures.

Differences between the different products:

Balance of the Month, Balance of the Week, and Day-ahead contracts do not have daily Variation Margin, while future contracts do.
Calendar, Season, and Quarterly contracts expire through the cascade process (transforming into smaller contracts) which will be carried out two business days before the start of the delivery period.
Monthly and Weekly contracts will be settled through daily partial deliveries prepared from the business day before the first day of the contract delivery period.
Daily contracts, along with contracts from daily partial deliveries, expire the day before the contract, their nomination is made the day before the contract, and the delivery is settled on the same day of the contract (except for days that are Saturday, Sunday, or holidays).³

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+1 (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+1 (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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