| Alberta Power Pool Calendar Month 1 MW Futures | |||||
|---|---|---|---|---|---|
| Product Symbol | CME Globex: AQK CME ClearPort: AOM Open Outcry: AOM |
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| 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 month. 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 month will be equal to the arithmetic average of all Alberta Power Pool Hourly Index prices provided for the contract month. For settlement of this contract, the prices provided by Alberta Electric System Operator will be considered final on the payment date stated in Rule 1050.10 and will not be subject to any further adjustment. | ||||
| Termination of Trading | Trading shall cease on the last business day of the contract month. | ||||
| Listed Contracts | CME Clearport and Open Outcry: | The current year plus the next five calendar years. A new calendar year will be added following the termination of trading in the December contract of the current year. | |||
| CME Globex: | 1 consecutive month | ||||
| Settlement Type | Financial | ||||
| Final Settlement | Delivery under the Alberta Power Pool Calendar Month Futures contract shall be by cash settlement. Final settlement, following termination of trading for a contract month, will be based on the Floating Price. The final settlement price will be the Floating Price calculated for each contract month. | ||||
| 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 | 1050 | ||||
| Exchange Rule | These contracts are listed with, and subject to, the rules and regulations of NYMEX. | ||||