MISO Indiana Hub (formerly Cinergy Hub) Real-Time Off-Peak Calendar-Month 5 MW Futures Contract Specs

Futures

Contract Unit	5 MWh
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: EJL CME ClearPort: H4 Clearing: 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.
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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