German Power Financial Base Futures57609948
ICE Endex
German Power Financial Base Futures
Description
A financially settled base load monthly futures contract based upon price of each 15-minute Market Time Unit (“MTU”) between 00:00 (CET) and 24:00 (CET) 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 Futures
- Trading Screen Hub Name
- German Grid
- Contract Symbol
- GAB
- 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 the close of business one Business Day prior to the last calendar day of the contract delivery period. Quarter, season and calendar contracts will cease trading at the close of business 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 German 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 | 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
- GAB
- Logical
- GAB
- GMI (FC)
- AM
- ION A.C.N.
- Symbol Code
- GAB