Signature Guardian

The Signature Guardian program offers a programmatic risk management product designed to mitigate future price volatility in the natural gas markets through the execution of consistent, predetermined levels of fixed price transactions. Utilizing this disciplined approach customers will be able to:

• Specifically select time horizons for the systematic conversion of floating price positions to a fixed price position prior to contract settlement
• Have a structured, disciplined fixed price conversion plan, making attempts to time the market unnecessary
• Take a volumetric averaging purchasing approach that mitigates price volatility in the natural gas markets

Additionally, the Signature Guardian Program offers customers the flexibility to further develop specific pricing structures within the programmatic construct of the disciplined strategy approach. Customers can match their predictive approach to the natural gas market more closely by utilizing a cap and floor structure:

• Cap and Floor Structure - Allows customers to set the cap and floor price with an option to select either or both. All hedging activity follows the disciplined programmatic approach until the market achieves either the cap and/or floor level for a particular month. All open positions are then released to be hedged upon the NYMEX price closing above the designated cap or below the designated floor price.