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NYISO Zone J Day-Ahead Peak Calendar-Day 5 MW 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 | 0.05 x 5 MW x 16 peak hours = $4.00 | ||||
| Product Code | CME Globex: JNLCME ClearPort: JNClearing: JN | ||||
| 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 peak day. The Floating Price will be equal to the arithmetic average of the hourly day-ahead Locational Based Marginal Prices (LBMP) for Zone J published by the New York Independent System Operator (NYISO) for the peak day. For settlement of this contract, the prices provided by NYISO will be considered final on the payment day stated in Rule 618b.08 and will not be subject to any further adjustment. | ||||
| Termination Of Trading | CME Globex: | Trading on CME Globex terminates on the business day prior to the contract day. | |||
| CME ClearPort: | Trading terminates on the contract day. If the contract day is not a business day, trading terminates on the prior business day. | ||||
| Days Or Hours | "Peak day" shall mean a Monday through Friday, excluding North American Electric Reliability Corporation holidays. From Hour Ending (HE) 0800 Eastern Prevailing Time (EPT) through HE 2300 EPT. |
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| Settlement Procedures | Delivery under the contract shall be by cash settlement. The cash-settlement price will be based on the Daily Floating Price which is determined for the peak day. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Exchange Rulebook | NYMEX 618B | ||||
| Block Minimum | Block Minimum Thresholds | ||||
| Vendor Codes | Quote Vendor Symbols Listing | ||||
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CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.
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Phone: +1 312 930 1000
Toll Free (US Only): +1 866 716 7274
