- Trading Screen Product Name
- REC-PJM Futures
- Trading Screen Hub Name
- REC-PJM CI
- Contract Symbol
- Settlement Method
Exercise into Underlying Futures Contract
- Contract Size
1 PJM Tri Qualified Renewable Energy Certificate contract
- Minimum Price Fluctuation
The price quotation convention shall be One cent ($0.01) per MWh;
minimum price fluctuation may vary by trade type. Please see Table
in Resolution 1 to this Chapter 18.
- Listing Cycle
1. The Exchange may list monthly contracts in the Standard Cycle or
any other calendar month it determines for the current year and
forward for up to ten years.
2. The Standard Cycle is: January, February, March, April, May,
June, July, August, September, October, November and December
- Strike Price Intervals
A minimum of ten Strike Prices in increments of $0.05 above and
below the at-the-money Strike Price. Strike Price boundaries are
adjusted according to futures price movements. User-defined Strike
Prices are allowed in $0.05 increments.
- Last Trading Day
At 4:00 pm EPT on the 15th calendar day of the delivery month.
Where the 15th calendar day is not a Business Day, the Last Trading
Day shall be the first Business Day following the 15th calendar day
of the delivery month.
- Option Style
Clearing Members shall provide exercise and abandon instructions to
the Clearing Organization in accordance with the Clearing
Exercise Time 5:30 pm EPT on the Last Trading Day
- MIC Code
- Clearing Venues