ICE OTC

NYISO Zone J Real-Time Peak

NYISO Zone J Real-Time Peak33257721

Description

A monthly cash settled swap based upon the mathematical result of subtracting the price of the NYMEX Henry Hub Natural Gas Futures Contract, as defined in Reference Price B, from the monthly price published by Inside FERC for the location specified in Reference Price A.

Market Specifications

Trading Screen Hub Name
NYISO J RT
Rule Number
1347
Settlement Method
Cash settlement
Contract Size
800 MWh
Currency
USD
Trading Price Quotation
0.05
Listing Cycle
Up to 110 consecutive monthly Contract Periods, or as otherwise determined by the SEF
Last Trading Day
Two Business Days prior to the Contract Period
Final Settlement
Average of Reference Price A Prices
REFERENCE PRICE A
ELECTRICITY-NYISO-ZONE J (N.Y.C.)-REAL TIME
a) Ref Price A - Description
"ELECTRICITY-NYISO-ZONE J (N.Y.C.)-REAL TIME" means that the price for a Pricing Date will be that day's Specified Price per MWh of electricity for delivery on the Delivery Date, which Specified Price will be the Specified Price for each hour during the Delivery Period, stated in U.S. Dollars, published by the NYISO at http://www.nyiso.com/oasis/index.html, under the headings "Market Data: Time Weighted/Integrated Real Time LBMP: Zonal: N.Y.C. 61761: LBMP ($/MWHr)" or any successor headings, that reports prices effective on that Pricing Date.
b) Ref Price A - Pricing Date
Each Monday through Friday, excluding NERC holidays, that prices are reported for the Delivery Date
c) Ref Price A - Specified Price
Average of LBMPs for all hours ending 0800-2300 EPT
d) Ref Price A - Pricing calendar
NYISO
e) Ref Price A - Delivery Date
Contract Period
Final Payment Date
Ten (10) New York Business Days of the month following the Contract Period via wire transfer of Federal Funds.
Other Terms
To be confirmed directly between the parties in their full form of contract. The terms reflected in such contracts shall be controlling.
MIC Code
ICES
Clearing Venues
IEPA

Trading Hours

CityTradingPre-Open
New York7:50 PM - 6:05 PM*
19:50 - 18:05
7:40 PM
19:40
London12:50 AM - 11:05 PM*
00:50 - 23:05
12:40 AM
00:40
Singapore7:50 AM - 6:05 AM*
07:50 - 06:05
7:40 AM
07:40

*Next Day

Codes

Clearing Admin Name
Physical
Logical
GMI(FC)
R&N A.C.N.