PJM Northern Illinois Hub Real-Time Peak Calendar-Month 5 MW Options Contract Specs

Contract Unit	5 MW
Minimum Price Fluctuation	$0.01 per megawatt hour
Price Quotation	U.S. dollars and cents per megawatt hour
Trading Hours	Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Product Code	CME Globex: OUA CME ClearPort: OUA Clearing: OUA
Listed Contracts	Monthly contracts listed for the current year plus the next 4 calendar years. A new calendar year will be added following the termination of trading in the December contract of the current year.
Termination Of Trading	Trading terminates on the 2nd business day before the contract month
Exchange Rulebook	NYMEX 1270
Vendor Codes	Quote Vendor Symbols Listing
Strike Price Listing Procedures	Strike Price Listing and Exercise Procedures Table
Exercise Style	American
Settlement Method	Deliverable
Underlying	PJM Northern Illinois Hub 5 MW Peak Calendar-Month Real-Time LMP Futures

Contract Unit	1 option will exercise into 10 lots of PJM Northern Illinois Hub Real-Time Peak Calendar-Month 5 MW Futures
Minimum Price Fluctuation	$0.01 per megawatt hour
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. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Product Code	CME Globex: AJN CME ClearPort: PJN Clearing: PJN
Listed Contracts	Monthly contracts listed for the current year and the next 5 calendar years. Monthly contracts for a new calendar year will be added following the termination of trading in the December contract of the current year.
Termination Of Trading	Trading terminates 2 business days prior to the start of contract month.
Position Limits	NYMEX Position Limits
Exchange Rulebook	NYMEX 1182
Block Minimum	Block Minimum Thresholds
Vendor Codes	Quote Vendor Symbols Listing
Strike Price Listing Procedures	Strike Price Listing and Exercise Procedures Table
Exercise Style	American
Settlement Method	Deliverable
Underlying	PJM Northern Illinois Hub 5 MW Peak Calendar-Month Real-Time LMP Futures

Contract Unit	1 option will exercise into 240 lots of PJM Northern Illinois Hub Peak Calendar-Month LMP Swap Futures, 20 lots per month for the 12 consecutive underlying futures months
Minimum Price Fluctuation	0.01 per megawatt hour
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)
Product Code	CME Globex: JHA CME ClearPort: PJH Clearing: PJH
Listed Contracts	Annual contracts listed for 5 consecutive years
Termination Of Trading	Trading terminates on the 2nd to last Friday of the month prior to the first month in the underlying calendar strip.
Position Limits	NYMEX Position Limits
Exchange Rulebook	NYMEX 1184
Vendor Codes	Quote Vendor Symbols Listing
Strike Price Listing Procedures	Strike Price Listing and Exercise Procedures Table
Exercise Style	European
Settlement Method	Deliverable
Underlying	PJM Northern Illinois Hub 5 MW Peak Calendar-Month Real-Time LMP Futures

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