| Alberta Power Pool Extended Peak Calendar-Day Futures | |||||
|---|---|---|---|---|---|
| Product Symbol | CME Globex: XPP CME ClearPort: AXP Open Outcry: AXP |
||||
| 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 80 Megawatt hours (MWh) and is based on 5 Megawatts for peak daily hours. Transaction sizes for trading in any contract day shall be restricted to whole number of peak hours in the contract day. Each futures contract shall be valued at 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 will be determined for each peak day. The Daily Floating Price for each contract day will be equal to the arithmetic average of all Alberta Power Pool Hourly Index 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 853.10 and will not be subject to any further adjustment. | ||||
| Termination of Trading | Trading shall cease on the business day that is the peak day. When the 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 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 0800-2300 Mountain Prevailing Time (MPT), including North American Electric Reliability Corporation holidays. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Rulebook Chapter | 853 | ||||
| Exchange Rule | These contracts are listed with, and subject to, the rules and regulations of NYMEX. | ||||