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UNG amends ISDA agreement with Société Générale to lower TNA decline event threshold from $1.5B to $200M
UNGUnited States Natural Gas Fund, LP
United States Natural Gas Fund amended its ISDA Master Agreement with Société Générale S.A., reducing the Total Net Assets (TNA) Decline Event Additional Termination Event threshold from $1.5 billion to $200 million. This adjustment reflects the fund's current performance and aims to prevent the termination event from being triggered absent a credit event. The United States Natural Gas Fund, LP is an exchange-traded commodity pool that tracks natural gas prices.