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PJM Western Hub 50 MW Peak Calendar-Month Real-Time LMP Swap Futures
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PJM Western Hub 50 MW Peak Calendar-Month Real-Time LMP Swap Futures
Product Symbol CME Globex trading commodity code 4SN
clearing code 4S
Venue CME Globex, CME ClearPort, Open Outcry (New York)
Hours
(All Times are New York Time/ET)		 CME Globex: 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)  
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 800 megawatt hours (50 mm per hour).
Price Quotation The contract quantity shall be 800 Megawatt hours (MWh) and is based on 50 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.
Minimum Fluctuation $0.05
Floating Price The Floating Price for each contract month will be equal to the arithmetic average of the PJM Western Hub Real-Time LMP for peak hours provided by PJM Interconnection, LLC (PJM) for the contract month. For settlement of this contract, the prices provided by PJM will be considered final on the payment date stated in Rule 178.10 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 PJM Western Hub 50 MW Peak Calendar-Month Real-Time LMP 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 178
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.