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| Trading Hours (All times are New York time) |
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| Clearing through CME ClearPort is available from 6:00 p.m. Sundays through 5:15 p.m. Fridays (5:00 p.m. Sundays through 4:15 p.m. Fridays Chicago time/CT), with a 45-minute break each day between 5:15 p.m. and 6:00 p.m. (4:15 p.m. and 5:00 p.m. CT). The contract is also available for trading on the New York Trading Floor from 9:00 a.m. to 2:30 p.m. (8:00 a.m. to 1:30 p.m. CT) Mondays through Fridays. |
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| Trade Unit |
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| 5 megawatt hours (5 Mwh per off-peak hour). |
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| Off Peak Hours & Days |
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| 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. |
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| Price Quotation |
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| The contract quantity shall be 5 Megawatts Hours (MWH). Transaction sizes for trading in any delivery month shall be restricted to whole number multiples of the number of off-peak hours in the contract month. |
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| Minimum Fluctuation |
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| The minimum tick size is $0.05. |
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| Listed Months |
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| The current year plus the next five calendar years. A new calendar year will be added following the termination of trading in the December contract of the current year. |
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| Termination of Trading |
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| Trading shall cease on the last business day of the contract month. |
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| Settlement Type |
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Floating Price: The Floating Price will be determined for each contract month. The Floating Price will be equal to the arithmetic average of the Midwest Independent Transmission System Operator Cinergy Hub Real-Time LMP provided by Midwest Independent Transmission 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.
Final Settlement: Delivery under the Midwest Independent Transmission System Operator Cinergy Hub 5 MW Off-Peak Calendar-Month Real-Time Swap 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. |
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| Trading Symbol |
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| H4 |
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