French Power Financial Base Futures57609947
ICE Endex
French Power Financial Base Futures
Description
A financially settled base load monthly futures contract based upon the price of each 15-minute Market Time Unit (“MTU”) between 00:00 am and 24:00 of the French Day-Ahead auction comprising the control area operated by Réseau de Transport d'Électricité, for each day throughout the contract delivery period.
Market Specifications
- Trading Screen Product Name
- French Power Financial Base Futures
- Trading Screen Hub Name
- French Grid
- Contract Symbol
- FNB
- Contract Series
- Up to 156 consecutive monthly contracts, or as otherwise determined by ICE Endex. Quarterly, seasonal, calendar, and any period of consecutive monthly contracts can be registered as a strip
- Contract Size
- 1 MW per day in the contract period (i.e. month, quarter or year) 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 18:00 CET one Business Day prior to the last calendar day of the contract delivery period. Quarter, season and calendar contracts will cease trading at 18:00 CET one Business Days prior to the first calendar day of the quarter, season or calendar year.
- 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 (CET) and 24:00 (CET) of the French Day-Ahead auction, for each day throughout the contract period.
- Exchange Rulebook
- MIC Code
- NDEX
- Clearing Venues
- ICEU
Related Products
Trading Hours
| City | Trading | Pre-Open |
|---|---|---|
| NEW YORK | 7:50 PM - 5:00 PM* 19:50 - 17:00 | 7:40 PM 19:40 |
| LONDON | 12:50 AM - 10:00 PM 00:50 - 22:00 | 12:40 AM 00:40 |
| SINGAPORE | 7:50 AM - 5:00 AM* 07:50 - 05:00 | 7:40 AM 07:40 |
Sunday Pre-Open at 5:40 PM ET and Open at 5:50 PM ET; Closed on Saturday.
Codes
- Clearing Admin Name
- French Pwr Fin
- Physical
- FNB
- Logical
- FNB
- GMI (FC)
- AI
- ION A.C.N.
- Symbol Code
- FNB