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NYISO Zone C 5 MW Peak Calendar-Month Day-Ahead LBMP Swap Futures
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NYISO Zone C 5 MW Peak Calendar-Month Day-Ahead LBMP Swap Futures
Product Symbol Q5
Venue CME ClearPort, 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 80 Megawatt hours (MWh) (5 MW per peak hour).
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 contract month.
Minimum Fluctuation $0.05
Floating Price The Floating Price for each contract month will be equal to the arithmetic average of the NYISO Zone C Day-Ahead LBMP for peak hours provided by New York Independent Systems Operator (NYISO) for the contract month. For settlement of this contract, the prices provided by NYISO will be considered final on the payment date stated in Rule 962.10 and will not be subject to any further adjustment.
Termination of Trading Trading shall cease on the last business day of the contract month
Listed Contracts The current year plus the next five calendar years. A new calendar year will be added following the termination of trading in the December contract of the current year.
Settlement Type Financial
Final Settlement Delivery under the NYISO Zone C 5MW Peak Calendar-Month Day-Ahead LBMP Swap Futures contract shall be by cash settlement. Final settlement, following termination of trading for a contract month, will be based on the Floating Price. The final settlement price will be the Floating Price calculated for each contract month.
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 962
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.