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Midwest ISO Indiana Hub (formerly Cinergy Hub) Calendar-Day Peak LMP Swap Futures
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Midwest ISO Indiana Hub (formerly Cinergy Hub) Calendar-Day Peak LMP Swap Futures
Product Symbol CC
Venue CME ClearPort and Open Outcry (New York)
Hours
(All Times are New York Time/ET)		 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 40 Megawatt hours (MWh) (2.5 MW per peak hour).
Price Quotation The contract quantity shall be 40 MWH (Megawatt Hours).
Midwest ISO Indiana Hub (formerly Cinergy Hub) Calendar-Day Peak LMP Swap Futures contract shall be valued as the contract quantity (40 MWH) multiplied by the settlement price.
Minimum Fluctuation $0.05
Floating Price A Daily Floating Price will be determined for the peak day. The Daily Floating Price will be equal to the arithmetic average of the hourly real time Locational Marginal Prices (LMP) for the Indiana Hub (formerly Cinergy Hub) provided by Midwest Independent Transmission System Operator, Inc. (MISO) for the peak day. For settlement of this contract, the prices provided by MISO will be considered final on the payment day stated in Rule 774b.08 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 business day is not the peak day, trading shall cease on the previous business day.
Listed Contracts Current month and next full month
Settlement Type Financial
Final Settlement Delivery under the NYMEX MISO Indiana Hub Calendar Day Peak LMP Swap Contract shall be by cash settlement. The cash-settlement price will be based on the Daily Floating Price which is determined for the peak day.
Peak Days "Peak day" shall mean a Monday through Friday, excluding North American Electric Reliability Corporation holidays.
Peak Hours From Hour Ending (HE) 0800 Eastern Prevailing Time (EPT) through HE 2300 EPT.
Position Limits NYMEX Position Limits
Rulebook Chapter 774B
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.