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Midwest ISO Indiana Hub 5 MW Off-Peak Calendar-Day Real-Time Swap Futures
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Midwest ISO Indiana Hub 5 MW Off-Peak Calendar-Day Real-Time Swap Futures
Product Symbol FTD
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 The contract quantity shall be 5 Megawatts Hours (MWh). Transaction sizes for trading in any contract day shall be restricted to whole number multiples of the number of off-peak hours in the contract day. The contract quantity is adjusted to reflect the transition in and out of Daylight Savings Time. Each futures contract shall be valued at the contract quantity multiplied by the settlement price.
Price Quotation Prices shall be quoted in U.S. dollars and cents per MWH
Minimum Fluctuation $0.05 per MWH
Floating Price The Floating Price for each contract day will be equal to the arithmetic average of the Midwest Independent Transmission System Operator Indiana Hub Real-Time LMP for off-peak hours provided by Midwest Independent Transmission System Operator, Inc. (MISO), for the contract day. For settlement of this contract, the prices provided by MISO will be considered final on the payment date stated in Rule 1077.08 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 Current month plus the next month.
Settlement Type Financial
Final Settlement Delivery under the Midwest ISO Indiana Hub 5 MW Peak Calendar-Day Real-Time Swap Futures contract shall be by cash settlement. Final settlement, following termination of trading for a contract day, will be based on the Floating Price. The final settlement price will be the Floating Price calculated for each contract day.
Days & Hours “Off-Peak Hours” shall mean the hours ending 0100 through 0700 and 2400 Eastern Standard Time (EST), Monday through Friday (except when Daylight Savings Time is in effect, in which case Off-Peak Hours means the hours ending 0100 through 0600 and 2300 through 2400 EST) and the hours ending 0100 through 2400 EST, Saturday and Sunday, including North American Electric Reliability Corporation holidays.
Position Limits NYMEX Position Limits
Rulebook Chapter 1077
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.