Common use of Routine Clause in Contracts

Routine. ICE Endex French PEG Natural Gas Futures Contract 2 Business Days prior to the 1st Delivery Day (M-2) Cessation of Trading At 18:00 CET Monthly Contract ceases trading. By 19:00 CET EFPs and EFSs may be posted up to one hour following the cessation of trading. Provision of ▇▇▇▇▇’s and Seller’s Security M-1 By 10:00 CET Seller and Buyer must provide the Clearing House with Seller’s Security and Buyer’s Security as appropriate. This is calculated for all deliverable Open Contract Positions at close of business on D-2 (which corresponds to M-2 for the first delivery day and M-1 for the second). The Clearing House may make adjustments to provisional Seller’s Security or Buyer’s Security by making intra-day calls at this time or other times on this day. Submission of delivery intentions for ICE Endex French PEG Natural Gas Futures Contract By 11:30 CET Buyer and Seller must, for all deliverable Open Contract Positions, submit their delivery intentions via ECS for the ICE Endex French PEG Natural Gas Futures Contract. If delivery details are known, the delivery intentions for ICE Endex French PEG Natural Gas Futures Contract may be submitted to the Clearing House any time from the start of M-2 but must have been submitted by 11:30 CET on M-1. Nomination of Transferee/Transferor By 11:30 CET Seller or Buyer who is nominating a Transferee or Transferor in respect of a Contract must ensure that the Clearing House has in its possession a signed ICE Endex French PEG Natural Gas Futures: Blanket Transferee Form or ICE Endex French PEG Natural Gas Futures Blanket Transferor Form (as applicable) for each nominated Transferee or Transferor. This Transferee/Transferor Form must be signed by the Transferee/Transferor. By 11:30 CET Deadline for position maintenance within ECS. Clearing Members with Open Contract Positions at this time for a Contract Set subject to delivery are obliged to make or take delivery. After 11:30 CET MPFE report available in MFT and ECS to Clearing Members. ICE Endex French PEG Natural Gas Futures Contracts Confirmation Report By 14:00 CET The ICE Endex French PEG Natural Gas Futures Confirmation Reports, listing all deliverable positions in kWh for the Delivery Month, are made available to Clearing Members electronically. Where Clearing Members will have submitted email details for their Transferee/Transferors, this report will also be emailed directly to the Transferee/Transferors. It is the responsibility of the Clearing Member to ensure that each nominated Transferee/Transferor has received a copy of the ICE Endex French PEG Natural Gas Futures Conversion and Confirmation Report. By 15:00 CET Seller and Buyer must each inform the Clearing House of any details on the ICE Endex French PEG Natural Gas Futures Conversion and Confirmation Report that do not match the delivery intentions previously submitted for the ICE Endex French PEG Natural Gas Futures Contract. Failure to notify the Clearing House by this deadline will constitute acceptance by the Seller and Buyer of their delivery obligations. If necessary, the Clearing House will then make any appropriate amendments to the Confirmation Report and resend it to Clearing Members. Entry of Disposing and Acquiring Nominations By 15:00 CET Seller and ▇▇▇▇▇ must ensure that their nominated Transferees/Transferors have entered the appropriate Disposing Trade Nomination(s)/Acquiring Trade Nominations(s) into the TRANS@ctions Platform. If by 16:30 CET one such Trade Nomination has not been accepted by GRTgaz, the Clearing House, or its agent, may direct the Seller (or its Transferor) or the Buyer (or its Transferee) who submitted the Trade Nomination to amend or withdraw such Trade Nomination on such terms as the Clearing House may consider appropriate until such Trade Nomination is accepted by GRTgaz. In the event that the Seller (or its Transferor) or Buyer (or its Transferee) have entered a Trade Nomination Quantity different from that appearing on the ICE Endex French PEG Natural Gas Futures Confirmation Report, which has been accepted by GRTgaz under GRTgaz Rules, the Clearing House or its agent may direct the Seller (or its Transferor) or the Buyer (or its Transferee) to amend or withdraw such Trade Nomination on such terms as the Clearing House may consider appropriate. By 10:00 CET The Clearing House makes Daily Summary Report available. The report identifies the positions that are deliverable. The appointed nomination agent will make the nominations to GRTgaz representing the final delivery position held at the Clearing House. By 10:00 CET The Clearing House makes the Daily Summary Report available. The Clearing House will apply Contingent Variation Margin to the Buyer’s and the Seller’s remaining Natural Gas units. By 10:00 CET Seller’s Security for actual delivered amount is released. The Clearing House will continue to apply Contingent Variation Margin to the Buyer’s and the Seller’s remaining Natural Gas units. The Clearing House releases the ‘Buyer’s Default Top-up’ portion of the Buyer’s Security on confirmed deliveries. Buyers make contract payment via their Nominated Accounts in respect of deliveries for the preceding delivery day. Buyer’s Security is released as part of the payment transaction Seller receives contract value (payment) for confirmed delivered amount in respect of deliveries for the preceding delivery day. By 10:00 CET The Clearing House makes the Invoices and Account Sales available to Seller and Buyer for the Invoice Period. Note: the above timetables can be altered without notice at the discretion of the Clearing House, including in the circumstances set out at Clause 4.4(a) and (b).

Routine. ICE Endex French PEG Natural Gas Futures Contract 2 Business Days prior to the 1st Delivery Day (M-2) Cessation of Trading At 18:00 CET Monthly Contract ceases trading. By 19:00 CET EFPs and EFSs may be posted up to one hour following the cessation of trading. Provision of ▇▇▇▇▇’s and Seller’s Security M-1 By 10:00 CET Seller and Buyer must provide the Clearing House with Seller’s Security and Buyer’s Security as appropriate. This is calculated for all deliverable Open Contract Positions at close of business on D-2 (which corresponds to M-2 for the first delivery day and M-1 for the second). The Clearing House may make adjustments to provisional Seller’s Security or Buyer’s Security by making intra-day calls at this time or other times on this day. Submission of delivery intentions for ICE Endex French PEG Natural Gas Futures Contract By 11:30 CET Buyer and Seller must, for all deliverable Open Contract Positions, submit their delivery intentions via ECS for the ICE Endex French PEG Natural Gas Futures Contract. If delivery details are known, the delivery intentions for ICE Endex French PEG Natural Gas Futures Contract may be submitted to the Clearing House any time from the start of M-2 but must have been submitted by 11:30 CET on M-1. Nomination of Transferee/Transferor By 11:30 CET Seller or Buyer who is nominating a Transferee or Transferor in respect of a Contract must ensure that the Clearing House has in its possession a signed ICE Endex French PEG Natural Gas Futures: Blanket Transferee Form or ICE Endex French PEG Natural Gas Futures Blanket Transferor Form (as applicable) for each nominated Transferee or Transferor. This Transferee/Transferor Form must be signed by the Transferee/Transferor. By 11:30 CET Deadline for position maintenance within ECS. Clearing Members with Open Contract Positions at this time for a Contract Set subject to delivery are obliged to make or take delivery. After 11:30 CET MPFE report available in MFT and ECS to Clearing Members. ICE Endex French PEG Natural Gas Futures Contracts Confirmation Report By 14:00 CET The ICE Endex French PEG Natural Gas Futures Confirmation Reports, listing all deliverable positions in kWh for the Delivery Month, are made available to Clearing Members electronically. Where Clearing Members will have submitted email details for their Transferee/Transferors, this report will also be emailed directly to the Transferee/Transferors. It is the responsibility of the Clearing Member to ensure that each nominated Transferee/Transferor has received a copy of the ICE Endex French PEG Natural Gas Futures Conversion and Confirmation Report. By 15:00 CET Seller and Buyer must each inform the Clearing House of any details on the ICE Endex French PEG Natural Gas Futures Conversion and Confirmation Report that do not match the delivery intentions previously submitted for the ICE Endex French PEG Natural Gas Futures Contract. Failure to notify the Clearing House by this deadline will constitute acceptance by the Seller and Buyer of their delivery obligations. If necessary, the Clearing House will then make any appropriate amendments to the Confirmation Report and resend it to Clearing Members. Entry of Disposing and Acquiring Nominations By 15:00 CET Seller and ▇▇▇▇▇ must ensure that their nominated Transferees/Transferors have entered the appropriate Disposing Trade Nomination(s)/Acquiring Trade Nominations(s) into the TRANS@ctions Platform. If by 16:30 CET one such Trade Nomination has not been accepted by GRTgaz, the Clearing House, or its agent, may direct the Seller (or its Transferor) or the Buyer (or its Transferee) who submitted the Trade Nomination to amend or withdraw such Trade Nomination on such terms as the Clearing House may consider appropriate until such Trade Nomination is accepted by GRTgaz. In the event that the Seller (or its Transferor) or Buyer (or its Transferee) have entered a Trade Nomination Quantity different from that appearing on the ICE Endex French PEG Natural Gas Futures Confirmation Report, which has been accepted by GRTgaz under GRTgaz Rules, the Clearing House or its agent may direct the Seller (or its Transferor) or the Buyer (or its Transferee) to amend or withdraw such Trade Nomination on such terms as the Clearing House may consider appropriate. Submission of Nominations M-1 By 10:00 CET The Clearing House makes Daily Summary Report available. The report identifies the positions that are deliverable. The appointed nomination agent will make the nominations to GRTgaz representing the final delivery position held at the Clearing House. Delivery Day (D) (or next Business Day if D is a non-Clearing Day) By 10:00 CET The Clearing House makes the Daily Summary Report available. The Clearing House will apply Contingent Variation Margin to the Buyer’s and the D+1 Payment, Seller’s remaining Natural Gas units. Security and ▇▇▇▇▇’s Default Top Up By 10:00 CET Seller’s Security for actual delivered amount is released. The Clearing House will continue to apply Contingent Variation Margin to the Buyer’s and the Seller’s remaining Natural Gas units. The Clearing House releases the ‘Buyer’s Default Top-up’ portion of the Buyer’s Security on confirmed deliveries. Buyers make contract payment via their Nominated Accounts in respect of deliveries for the preceding delivery day. Buyer’s Security is released as part of the payment transaction Seller receives contract value (payment) for confirmed delivered amount in respect of deliveries for the preceding delivery day. By 10:00 CET The Clearing House makes the Invoices and Account Sales available to Seller and Buyer for the Invoice Period. Note: the above timetables can be altered without notice at the discretion of the Clearing House, including in the circumstances set out at Clause 4.4(a) and (b).

Routine. ICE Endex French PEG Natural Gas Futures Contract 2 Business Days prior to the 1st Delivery Day (M-2) Cessation of Trading At 18:00 CET Monthly Contract ceases trading. By 19:00 CET EFPs and EFSs may be posted up to one hour following the cessation of trading. Provision of ▇▇▇▇▇’s and Seller’s Security M-1 By 10:00 CET Seller and Buyer must provide the Clearing House with Seller’s Security and Buyer’s Security as appropriate. This is calculated for all deliverable Open Contract Positions at close of business on D-2 (which corresponds to M-2 for the first delivery day and M-1 for the second). The Clearing House may make adjustments to provisional Seller’s Security or Buyer’s Security by making intra-day calls at this time or other times on this day. Submission of delivery intentions for ICE Endex French PEG Natural Gas Futures Contract By 11:30 CET Buyer and Seller must, for all deliverable Open Contract Positions, submit their delivery intentions via ECS for the ICE Endex French PEG Natural Gas Futures Contract. If delivery details are known, the delivery intentions for ICE Endex French PEG Natural Gas Futures Contract may be submitted to the Clearing House any time from the start of M-2 but must have been submitted by 11:30 CET on M-1. Nomination of Transferee/Transferor By 11:30 CET Seller or Buyer who is nominating a Transferee or Transferor in respect of a Contract must ensure that the Clearing House has in its possession a signed ICE Endex French PEG Natural Gas Futures: Blanket Transferee Form or ICE Endex French PEG Natural Gas Futures Blanket Transferor Form (as applicable) for each nominated Transferee or Transferor. This Transferee/Transferor Form must be signed by the Transferee/Transferor. By 11:30 CET Deadline for position maintenance within ECS. Clearing Members with Open Contract Positions at this time for a Contract Set subject to delivery are obliged to make or take delivery. After 11:30 CET MPFE report available in MFT and ECS to Clearing Members. ICE Endex French PEG Natural Gas Futures Contracts Confirmation Report By 14:00 CET The ICE Endex French PEG Natural Gas Futures Confirmation Reports, listing all deliverable positions in kWh for the Delivery Month, are made available to Clearing Members electronically. Where Clearing Members will have submitted email details for their Transferee/Transferors, this report will also be emailed directly to the Transferee/Transferors. It is the responsibility of the Clearing Member to ensure that each nominated Transferee/Transferor has received a copy of the ICE Endex French PEG Natural Gas Futures Conversion and Confirmation Report. By 15:00 CET Seller and Buyer must each inform the Clearing House of any details on the ICE Endex French PEG Natural Gas Futures Conversion and Confirmation Report that do not match the delivery intentions previously submitted for the ICE Endex French PEG Natural Gas Futures Contract. Failure to notify the Clearing House by this deadline will constitute acceptance by the Seller and Buyer of their delivery obligations. If necessary, the Clearing House will then make any appropriate amendments to the Confirmation Report and resend it to Clearing Members. Entry of Disposing and Acquiring Nominations By 15:00 CET Seller and ▇▇▇▇▇ must ensure that their nominated Transferees/Transferors have entered the appropriate Disposing Trade Nomination(s)/Acquiring Trade Nominations(s) into the TRANS@ctions Platform. If by 16:30 CET one such Trade Nomination has not been accepted by GRTgaz, the Clearing House, or its agent, may direct the Seller (or its Transferor) or the Buyer (or its Transferee) who submitted the Trade Nomination to amend or withdraw such Trade Nomination on such terms as the Clearing House may consider appropriate until such Trade Nomination is accepted by GRTgaz. In the event that the Seller (or its Transferor) or Buyer (or its Transferee) have entered a Trade Nomination Quantity different from that appearing on the ICE Endex French PEG Natural Gas Futures Confirmation Report, which has been accepted by GRTgaz under GRTgaz Rules, the Clearing House or its agent may direct the Seller (or its Transferor) or the Buyer (or its Transferee) to amend or withdraw such Trade Nomination on such terms as the Clearing House may consider appropriate. Submission of Nominations M-1 By 10:00 CET The Clearing House makes Daily Summary Report available. The report identifies the positions that are deliverable. The appointed nomination agent will make the nominations to GRTgaz representing the final delivery position held at the Clearing House. Delivery Day (D) (or next Business Day if D is a non-Clearing Day) By 10:00 CET The Clearing House makes the Daily Summary Report available. The Clearing House will apply Contingent Variation Margin to the Buyer’s and the Seller’s remaining Natural Gas units. D+1 Payment, Seller’s Security and ▇▇▇▇▇’s Default Top Up By 10:00 CET Seller’s Security for actual delivered amount is released. The Clearing House will continue to apply Contingent Variation Margin to the Buyer’s and the Seller’s remaining Natural Gas units. The Clearing House releases the ‘Buyer’s Default Top-up’ portion of the Buyer’s Security on confirmed deliveries. Buyers make contract payment via their Nominated Accounts in respect of deliveries for the preceding delivery day. Buyer’s Security is released as part of the payment transaction Seller receives contract value (payment) for confirmed delivered amount in respect of deliveries for the preceding delivery day. Invoice and Account Sale Details One Day following the end of the Invoice Period By 10:00 CET The Clearing House makes the Invoices and Account Sales available to Seller and Buyer for the Invoice Period. Note: the above timetables can be altered without notice at the discretion of the Clearing House, including in the circumstances set out at Clause 4.4(a) and (b).