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Alberta Power Pool Extended Off-Peak Calendar-Day Futures Contract Specs

Product Symbol CME Globex: PFP
CME ClearPort: AFP
Open Outcry: AFP
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 5 Megawatt hours (MWh). Transaction sizes for trading in any contract day shall be restricted to whole number of off-peak hours in the contract day. The contract quantity will be adjusted by the transition in and out of the Daylight Savings Time. Each futures contract shall be valued as the contract quantity multiplied by the settlement price.
Price Quotation Prices shall be quoted in Canadian dollars and cents per MWH
Minimum Fluctuation CAD 0.01 per MWh.
Floating Price The Daily Floating Price for each contract day will be equal to the arithmetic average of all Alberta Power Pool Hourly Index off-peak 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 866.10 and will not be subject to any further adjustment.
Termination of Trading Trading shall cease on the business day that is the off-peak day. When the off-peak day is not a business day, trading shall cease on the previous business day.
Listed Contracts CME ClearPort and Open Outcry: Current month plus the next month
CME Globex: 1 month
Settlement Type Financial
Final Settlement Delivery under the Alberta Power Pool Extended Off-Peak Calendar-Day Futures contract shall be by cash settlement. Final settlement, following termination of trading for a contract day, will be based on the Daily Floating Price. The final settlement price will be the Daily Floating Price calculated for each contract day.
Days & Hours "Days & Hours" shall mean a Monday through Sunday Hour Ending 0100 through 0700 and 2400 Mountain Prevailing Time (MPT), including North American Electric Reliability Corporation holidays.
Position Limits NYMEX Position Limits
Rulebook Chapter 866
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.

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