German Power Financial Base Daily Futures57609937
ICE Endex
German Power Financial Base Daily Futures
Description
A financially settled base load daily futures contract based upon
the price of each 15-minute Market Time Unit (“MTU”)
between 00:00 am and 24:00 of the German Day-Ahead auction
comprising the control area operated by Amprion GmbH, for each day
throughout the contract delivery period.
Market Specifications
- Trading Screen Product Name
- German Power Financial Base Daily Futures
- Trading Screen Hub Name
- German Grid
- Contract Symbol
- DGB
- Contract Series
- Up to 92 consecutive daily contracts or as otherwise determined and announced by ICE Endex from time to time. All Daily Products are strips of one or more daily contracts and are listed in parallel.
7 consecutive days.
5 consecutive weekends. Weekends are strips of 2 consecutive daily contracts (Saturday and Sunday).
5 consecutive weeks. Weeks are strips of 7 consecutive daily contracts
(Monday through Sunday)
- Contract Size
- 1 MW per day in the contract period (i.e. day, weekend or week) x 23, 24 or 25 hours (summer or winter time).
- Unit of Trading
- 1 MW
- Minimum Trading Size
- Futures: 1 lots = 1 MW
Exchange for Physical (EFP): 1 lot = 1 MW
Exchange for Swap (EFS): 1 lot = 1 MW
Block Order: 1 lot = 1 MW
- Price Quotation
- The contract price is in Euros and Euro cents per MWh.
- Minimum Price Fluctuation
- 1 Euro Cent per MWh (€0.01/MWh)
- Tick Value
- Contract Size x Minimum Trade Size x Minimum Price Flux
- Last Trading Day
- Trading will cease at the close of business on the Business Day prior to the delivery day, except when the delivery day is the day after a non-Business Day, in which case trading will cease at the close of business on the first Business Day after the non-Business Day.
Trading of Weekend contracts will cease at the close of business on the Business Day prior to the delivery period.
Trading of Week contracts will cease at the close of business on the last Business Day before the delivery period
- Settlement Method
- Financially Settled
- Cash Settlement Price
- The cash settlement price of the contract is equal to the arithmetic mean of the price of each 15-minute Market Time Unit (“MTU”) between 00:00 am and 24:00 of all days throughout the contract delivery period for the German Day-Ahead auction for each day throughout the contract period comprising the control area operated by Amprion GmbH.
- Exchange Rulebook
- MIC Code
- NDEX
- Clearing Venues
- ICEU
Related Products
Trading Hours
| City | Trading | Pre-Open |
|---|---|---|
| NEW YORK | 2:00 AM - 12:00 PM 02:00 - 12:00 | 1:45 AM 01:45 |
| LONDON | 7:00 AM - 5:00 PM 07:00 - 17:00 | 6:45 AM 06:45 |
| SINGAPORE | 3:00 PM - 1:00 AM* 15:00 - 01:00 | 2:45 PM 14:45 |
Codes
- Clearing Admin Name
- German Pwr Fin
- Physical
- DGB
- Logical
- DGB
- GMI (FC)
- AL
- ION A.C.N.
- Symbol Code
- DGB