- Trading Screen Product Name
- Peak Futures
- Trading Screen Hub Name
- SP15 DA (Daily)
- Contract Symbol
SDP
- Settlement Method
Exercise into Underlying Futures Contract
- Contract Size
400 MWh
- Currency
USD
- Minimum Price Fluctuation
The price quotation convention shall be One cent ($0.01) per MWh; minimum price fluctuation may vary by trade type. Please see Table in Resolution 1 to this Chapter 18.
- Listing Cycle
Up to 365 consecutive daily Contract Periods, excluding Sundays and
NERC Holidays
- Last Trading Day
At the end of the Trading Session on the last Business Day prior to the Contract Period
- Option Style
European
- Exercise Procedure
Automatic Only
Manual exercise or abandon is not permitted
Options which are "in the money", with respect to the average of
the Reference Price A prices, exercise automatically into the
Underlying Futures Contract with a contract price equal to the
Strike Price. Options which are "out of the money" expire
automatically.
Exercise Day For Contract Periods that fall on a Business Day, five
Business Days following the Last Trading Day; for all other
Contract Periods, four Business Days following the Last Trading
Day.
- REFERENCE PRICE A
ELECTRICITY-CAISO-SP15-DAY AHEAD
- a) Ref Price A - Description
"ELECTRICITY-CAISO-SP15-DAY AHEAD" 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, stated in U.S.
Dollars, published by the California ISO at
http://oasis.caiso.com/mrtuoasis/?doframe=true&serverurl=http%3a%2f%2ffrptp09%2eoa%2ecaiso%2ecom%3a8000&volume=OASIS,
under the headings "Prices: Report: Reference Prices: P/APNode ID:
TH_SP15_GEN-APND" that reports prices effective on that Pricing
Date.
- b) Ref Price A - Pricing Date
Each day that prices are reported for the Delivery Date
- c) Ref Price A - Specified Price
Average of LMPs for all hours ending 0700-2200 PPT
- d) Ref Price A - Pricing calendar
CAISO
- e) Ref Price A - Delivery Date
Contract Period
- Strike Price Listing
A minimum of ten Strike Prices in increments of $1.00 per MWh above and below the at-the-money Strike Price. Strike Price boundaries are adjusted according to futures price movements. User-defined Strike Prices are allowed in $0.05 increments.
- MIC Code
- IFED
- Clearing Venues
- ICEU