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MISO Indiana Hub (formerly Cinergy Hub) Day-Ahead Peak Calendar-Month 5 MW Futures Contract Specs

Contract Unit 5 MWh
Price Quotation 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 delivery month shall be restricted to whole number multiples of the number of peak days in the month. Each futures contract shall be valued at the contract quantity multiplied by the settlement price.
Trading Hours CME Globex: Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
CME ClearPort: Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Minimum Price Fluctuation $0.05 per MWh
Product Code CME Globex: H5L
CME ClearPort: H5
Clearing: H5
Listed Contracts Current year plus next five years
Settlement Method Deliverable
Floating Price The Floating Price for each contract month will be equal to the arithmetic average of the MISO Indiana Hub (formerly Cinergy Hub) Day-Ahead LMP for peak hours provided by Midcontinent Independent System Operator, Inc. (MISO), for the contract month. For settlement of this contract, the prices provided by MISO will be considered final on the payment date stated in Rule 859.10 and will not be subject to any further adjustment.
Termination Of Trading Trading terminates on the second-to-last business day of the month before the contract month. At that time, a position in MISO Indiana Hub (formerly Cinergy Hub) Day-Ahead Peak Calendar-Month 5 MW Futures (H5) converts to a strip of MISO Indiana Hub Day-Ahead Peak Calendar-Day 5 MW Futures (PDD) in the originally specified contract month. For example, in a twenty-two (22) peak-day month, a position of twenty-two (22) MISO Indiana Hub (formerly Cinergy Hub) Day-Ahead Peak Calendar-Month 5 MW Futures (H5) converts at the termination of trading to a position of one (1) MISO Indiana Hub Day-Ahead Peak Calendar-Day 5 MW Futures (PDD) per peak day in the originally specified contract month.
Days Or Hours "Peak day" shall mean a Monday through Friday, excluding North America

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