- Trading Screen Product Name
- Dutch Power Base Load Futures
- Trading Screen Hub Name
- Contract Series
Up to 156 consecutive month contracts, or as otherwise determined
by the Exchange. Quarterly, seasonal, calendar, and any period of
consecutive monthly contracts can be registered as a strip.
- Expiration Date
Trading will cease at the close of business two Business Days prior
to the first calendar day of the quarter, season or calendar year.
- Contract Security
ICE Clear Europe (ICEU) acts as central counterparty to all trades
thereby guaranteeing the financial performance of ICE Endex
contracts registered in the name of its Members up to and including
delivery, exercise and/or settlement
- Trading Hours
Open 08:00, Close 18:00 (CET), Monday – Friday
- Trading Model
Continuous trading throughout trading hours
- Trading Methods
Electronic futures, Exchange for Physical (EFP), Exchange for Swap
(EFS) and Block Trades are available for this contract.
- Unit of Trading
- Contract Size
1 MW x days in the contract period (i.e. month, quarter or year) x
23, 24 or 25 hours (summer / winter time).
- Minimum Trading Size
1 lot = 1 MW
- Minimum Block Order
1 lot = 1 MW
The contract price is in Euros and Euro cents per MWh
- Minimum Price Fluctuation
Futures – 1 Euro Cent per MWh (€0.01/MWh)
EFPs/EFSs/Blocks – 1 Euro Cent per MWh (€0.01/MWh)
- Maximum Price Fluctuation
There are no limits.
- Tick Value
Contract Size x Minimum Trade Size x Minimum Price Flux
- Daily Settlement
Fixing each Business Day set out in the applicable Operating Time
Schedule. Appendix B1.
- Position Limit
Positions are reported to ICE Endex on a daily basis. ICE Endex has
powers to prevent the development of excessive positions or
unwarranted speculation or any other undesirable situation and may
take steps to resolve such situations including the ability to
mandate Members to limit the size of such positions or to reduce
positions where appropriate.
- Initial Margin
Calculated on all open contracts, Initial Margin, as defined in the
ICE Clear Europe Clearing Rules, is a deposit held by ICE Clear
Europe in order to cover the costs that may be incurred in closing
out a position in default. It is returned upon the closing of the
position, or at expiry, with interest.
- Daily Margin
All open contracts are 'marked-to-market' daily, with Variation
Margin, as defined in the ICE Clear Europe Clearing Rules, being
called for as appropriate.
- Delivery/Settlement Terms
Matching Acquiring and Disposing Trade Nominations (buyer from
ICEU, seller to ICEU) are input by buyer, seller and ICEU to TenneT
before 13:00 (CET) on each day prior to the commencement of the
delivery period. Delivery takes place in kilowatt per quarter hour.
The EDSP will be the end of day Settlement Price on the day the
- MIC Code
- Clearing Venues