| Alberta Power Pool Calendar Day 1 MW Futures | |||||
|---|---|---|---|---|---|
| Product Symbol | CME Globex: OAD CME ClearPort: AOD Open Outcry: AOD |
||||
| Venue | CME Globex, CME ClearPort and Open Outcry (New York) | ||||
| Hours (All Times are New York Time/ET) |
CME Globex: | Sunday - Friday 6:00 p.m. - 5:15 p.m. (5:00 p.m. - 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT) | |||
| CME ClearPort: | Sunday - Friday 6:00 p.m. - 5:15 p.m. (5:00 p.m. - 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT) | ||||
| Open Outcry: | Monday – Friday 9:00 AM to 2:30 PM (8:00 AM to 1:30 PM CT) | ||||
| Contract Unit | The contract quantity shall be 1 Megawatt for all daily hours. | ||||
| Price Quotation | The contract quantity shall be 1 Megawatt for all daily hours. The contract quantity will be adjusted by the transition in and out of the Daylight Savings Time. Transaction sizes for trading in any contract day shall be restricted to whole number multiples of the number of hours in the contract day. Each futures contract shall be valued at the contract quantity multiplied by the settlement price. | ||||
| Minimum Fluctuation | CAD 0.01 per MWh. | ||||
| Floating Price | The Floating Price for each contract day will be equal to the arithmetic average of all Alberta Power Pool Hourly Index prices provided for the contract day. For settlement of this contract, the prices provided by Alberta Electric System Operator will be considered final on the payment date stated in Rule 1049.10 and will not be subject to any further adjustment. | ||||
| Termination of Trading | Trading shall cease on the business day that is the contract day. If the contract day is not a business day trading shall cease on the business day immediately preceding the contract day. | ||||
| Listed Contracts | CME ClearPort and Open Outcry: | Current month and next full month | |||
| CME Globex: | 1 month | ||||
| Settlement Type | Financial | ||||
| Final Settlement | Delivery under the Alberta Power Pool Calendar Day Futures contract shall be by cash settlement. Final settlement, following termination of trading for a contract day, will be based on the Floating Price. The final settlement price will be the Floating Price calculated for each contract day. | ||||
| Days & Hours | "Days & Hours" shall mean a Monday through Sunday Hour Ending 0100-2400 Mountain Prevailing Time(MPT), including North American Electric Reliability Corporation holidays. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Rulebook Chapter | 1049 | ||||
| Exchange Rule | These contracts are listed with, and subject to, the rules and regulations of NYMEX. | ||||