- Trading Screen Product Name
- Peak Futures (1 MW)
- Trading Screen Hub Name
- Indiana Hub RT
- Contract Symbol
CIN
- Settlement Method
Exercise into Underlying Futures Contract
- Contract Size
1 MW
- Currency
USD
- 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
Up to 50 consecutive monthly Contract Periods
- Last Trading Day
At 2:30pm EPT on the second Business Day prior to the first calendar day of the Contract Period
- Option Style
American
- Exercise Procedure
Manual; Automatic on Last Trading Day
Clearing Members shall provide exercise and abandon instructions to
the Clearing Organization in accordance with Clearing Organization
Rules.
Options which are "in the money", with respect to Reference Price
A, exercise automatically into the Underlying Futures Contract with
a contract price equal to the Strike Price. Options which are "out
of the money" expire automatically.
Exercise Day is manual on any Business Day, Automatic on Last
Trading Day
- REFERENCE PRICE A
ELECTRICITY-MISO-INDIANA HUB-REAL TIME-PEAK MONTHLY-ICE
- a) Ref Price A - Description
"ELECTRICITY-MISO-INDIANA HUB-REAL TIME-PEAK MONTHLY-ICE" means that the price for a Pricing Date will be that day's Specified Price per MWh of electricity on ICE of the MISO Indiana Hub Real-Time Peak Fixed Price Swap Futures Contract for the Delivery Date, stated in U.S. Dollars, as made public by ICE on that Pricing Date.
- b) Ref Price A - Pricing Date
Two Business Days prior to the first calendar day of the Contract Period
- c) Ref Price A - Specified Price
Settlement Price
- d) Ref Price A - Pricing calendar
ICE
- e) Ref Price A - Delivery Date
Contract Period
- Strike Price Listing
A minimum of ten Strike Prices in increments of $1.00 per MWh 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.
- MIC Code
- IFED
- Clearing Venues
- ICEU