MISO Indiana Hub (formerly Cinergy Hub) Real-Time Off-Peak Calendar-Month 5 MW Futures Contract Specs
| Contract Unit | 5 MWh Clears in multiples of the number of off-peak hours in the contract month. |
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| Price Quotation | U.S. dollars and cents per MWh | ||||
| Trading Hours | Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT) | ||||
| Minimum Price Fluctuation | 0.05 x 5 MW x # off-peak hours/month | ||||
| Product Code | CME Globex: EJLCME ClearPort: H4Clearing: H4 | ||||
| Listed Contracts | Monthly contracts listed for the current year and the next 5 calendar years. List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year. | ||||
| Settlement Method | Deliverable | ||||
| Floating Price | The Floating Price will be determined for each contract month. The Floating Price will be equal to the arithmetic average of the MISO Indiana Hub (formerly Cinergy Hub) Real-Time LMP provided by Midcontinent Independent System Operator, Inc. (MISO) for all off-peak hours in the contract month. For settlement of this contract, the prices provided by MISO will be considered final on the payment day stated in Rule 803.09 and will not be subject to any further adjustment. | ||||
| Termination Of Trading |
On the second to last business day of the month prior to the contract month, each H4/EJL open position converts into a strip of MISO Indiana Hub Real-Time Off-Peak Calendar-Day 5 MW Futures - FTD/FTL in the originally specified contract month. |
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| Days Or 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. | ||||
| Settlement Procedures | Delivery under the MISO Indiana Hub (formerly Cinergy Hub) Real-Time Off-Peak Calendar-Month 5 MW 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 803 | ||||
| Block Minimum | Block Minimum Thresholds | ||||
| Vendor Codes | Quote Vendor Symbols Listing | ||||
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