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Description

A financially settled peak load daily futures contract based upon the price of each 15-minute Market Time Unit (“MTU”) between 08:00 am and 20:00 of the French Day-Ahead auction comprising the control area operated by Réseau de Transport d'Électricité, for each day, excluding weekend days and regardless of public holidays, throughout the contract period.

Market Specifications

Trading Screen Product Name

French Power Financial Peak Daily Futures

Trading Screen Hub Name

French Grid

Contract Symbol

DFA

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 or week) x 12 hours.

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 the price of each 15-minute Market Time Unit (“MTU”) between 08:00 (CET) and 20:00 (CET) of the French Day-Ahead auction, for each day, excluding weekends and regardless of public holidays, throughout the contract period.

Exchange Rulebook

ICE Endex Market Rulebook

MIC Code

NDEX

Clearing Venues

ICEU

Related Products

• French Power Financial Base Daily Futures
• French Power Financial Base Futures
• French Power Financial Peak Futures

Trading Hours

Codes