- Trading Screen Product Name
- Austrian Power Financial Base Daily Futures
- Trading Screen Hub Name
- Austrian Grid
- Contract Symbol
DBH
- Contract Series
Up to 92 consecutive daily contracts or as otherwise determined and
announced by the Exchange from time to time. All Daily Products are
strips of one or more daily contracts and are listed in parallel.
7 consecutive days.
5 consecutive weekends. Weekends are strips of 2 consecutive daily
contracts (Saturday and Sunday).
5 consecutive weeks. Weeks are strips of 7 consecutive daily
contracts (Monday through Sunday).
- Contract Size
1 MW per day in the contract period (i.e., day, weekend, or week) x
23, 24 or 25 hours (summer or winter time).
- Unit of Trading
1 MW
- Minimum Trading Size
Size 1 lot = 1 MW (Electronic Futures, EFP, EFS)
- Minimum Block Order
Size 1 lot = 1 MW (Electronic Futures, EFP, EFS)
- 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
- Trading Hours
Open 08:00, Close 18:00 (CET), Monday – Friday
- Last Trading Day
Trading of Day contracts will cease at the close of business on the
Business Day prior to the delivery day, except when the delivery
day is the day after a non-Business Day, in which case trading will
cease at the close of business on the first Business Day after the
non-Business Day.
Trading of Weekend contracts will cease at the close of business on
the Business Day prior to the delivery period.
Trading of Week contracts will cease at the close of business on
the last Business Day before the delivery period.
- Settlement Method
Cash settlement
- Final Settlement Price Quotation
The cash settlement price of the contract is equal to the
arithmetic mean of the price of each hour between 00:00 am and
24:00 of all days throughout the contract delivery period for the
Austrian Day-Ahead auction comprising the control area operated by
Austrian Power Grid.
- MIC Code
- NDEX
- Clearing Venues
- ICEU