- Trading Screen Product Name
- German Power Financial Peak Futures
- Trading Screen Hub Name
- German Grid
- Contract Symbol
GAP
- Contract Series
Up to 156 consecutive monthly contracts, or as otherwise determined
by ICE Endex. Quarterly, seasonal, calendar, and any period of
consecutive monthly contracts can be registered as a
strip
- Contract Size
1 MW per weekday in the contract period (i.e. month, quarter or
year) x 12 hours.
- Unit of Trading
1 MW
- Minimum Trading Size
"Futures: 1 lots = 1 MW
Exchange for Physical (EFP): 1 lot = 1 MW
Exchange for Swap (EFS): 1 lot = 1 MW
Block Order: 1 lot = 1 MW "
- 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
- Last Trading Day
"Trading will cease at the close of business one Business Day prior
to the last calendar day of the contract delivery period.
Quarter, season and calendar contracts will cease trading at the
close of business one Business Days prior to the first calendar day
of the quarter, season or calendar year. "
- Settlement Method
Financial Settled
- Exchange Delivery Settlement Price
The cash settlement price of the contract is equal to the
arithmetic mean of the hourly prices of each hour between 08:00
(CET) and 20:00 (CET) of the German Day-Ahead auction, for each
day, excluding weekend days and regardless of public holidays,
throughout the contract period.
- MIC Code
- NDEX
- Clearing Venues
- ICEU