• Product Modification: Power slate modification to update NEL, PJP and PJH - Effective November 23, 2014

      • To
      • Clearing Member Firms; Back Office Managers
      • From
      • CME Clearing
      • #
      • 14-455
      • Notice Date
      • 21 November 2014
      • Effective Date
      • 23 November 2014

    • Effective Sunday, November 23, 2014 for trade date Monday, November 24, and pending all relevant CFTC regulatory review periods, please be advised that the New York Mercantile Exchange (EXCHANGE) will amend the name, size, and underlying futures contract (see below) for the ISO New England Mass Hub Peak LMP Option on Calendar Futures Strip (Code NEL). NYMEX will also amend the underlying futures contract (see below) for the PJM AEP Dayton Hub Peak 50 MW Calendar-Month LMP Option on Calendar Futures Strip (Code PJP) and PJM Northern Illinois Hub Peak 50 MW Calendar-Month LMP Option on Calendar Futures Strip (Code PJH). These products are currently listed for trading on CME Globex and the floor and are available for submission for clearing on CME ClearPort.  There is no open interest in these contracts.

      Product Code CPC/Globex

      NEL/NEG

      PJP/AJI

      PJH/JHA

      Current Name

      ISO New England Mass Hub Peak LMP Option on Calendar Futures Strip

      PJM AEP Dayton Hub Peak 50 MW Calendar-Month LMP Option on Calendar Futures Strip

      PJM North Illinois Hub Peak 50MW Calendar-Month LMP Option on Cal Futures Strip

      Current Size

      2.5 MWh

      50 MWh

      50 MWh

      Current Exercises to:

      NI: ISO New England Mass Hub Day-Ahead Peak Calendar-Month 2.5 MW Futures

      VM: PJM AEP Dayton Hub Real-Time Peak Calendar-Month 2.5 MW Futures

      UM: PJM Northern Illinois Hub Real-Time Peak Calendar-Month 2.5 MW Futures

      New Name

      ISO New England Mass Hub Peak LMP 5 MW Option on Calendar Futures Strip

      Unchanged

      Unchanged

      New Size

      5 MWh

      Unchanged

      Unchanged

      New      Exercises to:

      U6: ISO New England Mass Hub 5 MW Peak Calendar-Month Day-Ahead LMP Futures

      Z9: PJM AEP Dayton Hub 5MW Peak Calendar-Month Real-Time LMP Futures

      B3: PJM Northern Illinois Hub 5 MW Peak Calendar-Month Real-Time LMP Futures

      Size

      5 MWh

      5 MWh

      5 MWh

       

      Information Contacts

      General  Information

      Products & Services

      (312) 930-1000

       

      Clearing House

      (312) 207-2525

      Globex Information

      Global Command Center

      (800) 438-8616

      Performance Bond Information

      Risk Management Dept.

      (312) 648-3888

      Position Limits

      Market Regulation

      (312) 341-7970

      Clearing Fees

      Clearing Fee Hotline

      (312) 648-5470

       

      Regards,

      CME Clearing

      For a printer-friendly version of this advisory, please click here.

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