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MISO Illinois Hub Peak Calendar-Day 5 MW Real-Time LMP Futures Contract Specs

Contract Unit 5 MW x 16 peak hours = 80 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 0.01 x 5 MW x 16 peak hours = $0.80
Product Code CME Globex: MTI
CME ClearPort: MTI
Clearing: MTI
Listed Contracts Daily contracts listed for the current month and next calendar month. List daily contracts for a new calendar month following the termination of trading in the last contract day of the current month.
Settlement Method Financially Settled
Floating Price A Daily Floating Price will be determined for the next peak day. Each Daily Floating Price will be equal to the arithmetic average of the MISO Illinois Hub Real Time LMP for peak hours provided by Midwest Independent Transmission System Operator, Inc. (MISO), for the peak day. For settlement of this contract, the prices provided by MISO will be considered final on the Payment Date and will not be subject to any further adjustment.
Termination Of Trading Trading on terminates on the calendar following the contract day. If the following day is not a business day, trading terminates on the prior business day.
Days Or Hours Peak shall mean Monday - Friday Hour (HE) 0800 -2300 EPT excluding North American Electric Reliability Corporation (NERC) holidays.
Settlement Procedures Final settlement under the contract shall be by cash settlement. Final settlement, following termination of trading for a contract day, will be based on the Floating Price. The final settlement price will be the Floating Price calculated for each contract day.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1389
Block Minimum Block Minimum Thresholds
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