|Contract Unit||5 Megawatts hours (MWh)|
|Price Quotation||The contract quantity shall be 5 MWh. Transaction sizes for trading in any delivery month shall be restricted to whole number multiples of the number of off-peak hours 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: D4LCME ClearPort: D4Clearing: D4|
|Listed Contracts||Current year plus next five years|
|Floating Price||The Floating Price will be determined for each contract month. The Floating Price will be equal to the arithmetic average of the NYISO Zone J Day-Ahead LBMP provided by New York Independent Systems Operator (NYISO) for all off-peak hours in the contract month. For settlement of this contract, the prices provided by NYISO will be considered final on the payment day stated in Rule 553.09 and will not be subject to any further adjustment.|
|Termination Of Trading||Trading terminates on the second-to-last last business day of the month preceding the contract month.|
|Days Or Hours||Off-Peak shall mean Monday through Friday Hour Ending (HE) 0100-0700 and 2400 Eastern Prevailing Time (EPT) Saturday-Sunday HE 0100-2400 EPT including North American Electric Reliability Corporation Holidays.|
|Settlement Procedures||Delivery under the NYISO Zone J 5 MW Off-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.|
|Position Limits||NYMEX Position Limits|
|Exchange Rulebook||NYMEX 553|
|Block Minimum||Block Minimum Thresholds|
|Vendor Codes||Quote Vendor Symbols Listing|