|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: UDLCME ClearPort: UDClearing: UD|
|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. Each Daily Floating Price will be equal to the arithmetic average of the PJM Northern Illinois Hub Real Time LMP for peak hours provided by PJM Interconnection, LLC for the peak day. For settlement of this contract, the prices provided by PJM will be considered final with the cash settlement stated in Rule 763.07. and will not be subject to any further adjustment.|
|Termination Of Trading||CME Globex:||Trading on CME Globex terminates at 23:59 EPT on the contract day. If that time is not within regular trading hours, trading on CME Globex terminates at 16:00 CT on the business day prior to the contract day.|
|CME ClearPort:||Trading terminates on the calendar day following the contract day. If the following 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.
Peak hours are the 16 hour period beginning with the hour ending 0800 and end with the hour ending 2300 prevailing local time at the PJM Control Area.
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. For peak days that are not also business days, cash-settlement will take place on the business day immediately preceding this day.
|Position Limits||NYMEX Position Limits|
|Exchange Rulebook||NYMEX 763|
|Block Minimum||Block Minimum Thresholds|
|Vendor Codes||Quote Vendor Symbols Listing|