ICE OTC

PJM PSEG Zone Bal-Day Financial Peak (bilateral)

PJM PSEG Zone Bal-Day Financial Peak (bilateral)1109

Description

Bilaterally traded Financial Peak Power

Market Specifications

Trading Screen Product Name
Fin Swap-Peak
Trading Screen Hub Name
PJM PSEG Zone RT
Trading Hours
24 x 7
Schedule
Monday - Friday HE 08:00 - HE 23:00 EPT Excluding NERC Holidays
Unit of Trading
Contract Size multiplied by the number of peak days in the period traded. For example in a 21 peak day month, such as August 2003, the unit of trading will be 21 x 800 or 16,800 Mwh. This will be expressed as 21 "lots".
Currency
US $ and cents per MWH
Minimum Tick
0.05 per MWH
Last Trading Day
Two business days prior to the contract month.
Settlement
Cash Settled in USD.
Settlement Date
Each pricing day during a Determination Period.
Payment Dates
Ten (10) New York Business Days of the month following the Determination Period via wire transfer of Federal Funds.
MIC Code
IEPA
Clearing Venues