- Trading Screen Product Name
- French Power Financial Peak Futures
- Trading Screen Hub Name
- French Grid
- Contract Symbol
FNA
- 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
- Unit of Trading
1 MW
- Contract Size
1 MW per weekday in the contract period (i.e. month, quarter or
year) x 12 hours.
- 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 "
- 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
- Exchange Delivery Settlement Price
The cash settlement price of the contract is equal to the
arithmetic mean of the hourly prices of each hour 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.
- 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
Financial Settled
- MIC Code
- NDEX
- Clearing Venues
- ICEU