HOW TO BECOME AN NGX CONTRACTING PARTY

The following steps are required to become an NGX Contracting Party (CP).
  1. Meet the minimum capital requirements (noted below) to qualify for trading/ clearing on the NGX system.
  2. Execute the Contracting Party’s Agreement (CPA).
  3. Fill out NGX Contracting Party Administration Form (CPAF). Once complete, NGX will confirm pipeline mnemonics/ pooling/ DUNS numbers with respective pipelines.
  4. Arrange for collateral pursuant to the terms and conditions of Schedule “C” of the CPA.
Minimum Requirements for NGX CPs
To qualify capital for trading on the NGX Trading System, the prospective CP must have a net worth exceeding CAD $5,000,000 or total tangible assets exceeding CAD $25,000,000 as shown on its latest audited balance sheet.

Physical Pipeline Deliveries
See our Pipeline Nominations section

Available Credit
NGX requires that each CP provide collateral pursuant to the terms and conditions of Schedule “C” of the CPA.

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