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ICE Endex

Belgian Power Financial Base Daily Futures

Description

A financially settled base load daily futures contract based upon the hourly prices of each hour between 00:00 am and 24:00 of the Belgian Day-Ahead auction comprising the control area operated by Elia.

Market Specifications

Trading Screen Product Name
Belgian Power Financial Base Daily Futures
Trading Screen Hub Name
Belgian Grid
Contract Symbol
DBP
Contract Series
Up to 92 consecutive daily contracts or as otherwise determined and announced by the Exchange from time to time. All Daily Products are strips of one or more daily contracts and are listed in parallel.

7 consecutive days.

5 consecutive weekends. Weekends are strips of 2 consecutive daily contracts (Saturday and Sunday).

5 consecutive weeks. Weeks are strips of 7 consecutive daily contracts (Monday through Sunday).
Contract Size
1 MW per day in the contract period (i.e., day, weekend, or week) x 23, 24 or 25 hours (summer or winter time).
Unit of Trading
1 MW
Minimum Trading Size
Size 1 lot = 1 MW (Electronic Futures, EFP, EFS)
Minimum Block Order
Size 1 lot = 1 MW (Electronic Futures, EFP, EFS)
Price 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
Trading Hours
Open 08:00, Close 18:00 (CET), Monday – Friday
Last Trading Day
Trading of Day contracts will cease at the close of business on the Business Day prior to the delivery day, except when the delivery day is the day after a non-Business Day, in which case trading will cease at the close of business on the first Business Day after the non-Business Day.

Trading of Weekend contracts will cease at the close of business on the Business Day prior to the delivery period.

Trading of Week contracts will cease at the close of business on the last Business Day before the delivery period.
Settlement Method
Cash settlement
Final Settlement Price Quotation
A financially settled base load daily futures contract based upon the hourly prices of each hour between 00:00 am and 24:00 of the Belgian Day-Ahead auction comprising the control area operated by Elia.
MIC Code
NDEX
Clearing Venues
ICEU

Trading Hours

CityTradingPre-Open
New York3:00 AM - 1:00 PM
03:00 - 13:00
2:45 AM
02:45
London7:00 AM - 5:00 PM
07:00 - 17:00
6:45 AM
06:45
Singapore3:00 PM - 1:00 AM
15:00 - 01:00
2:45 PM
14:45

Codes

Clearing Admin Name
Belgian Pwr Fin
Physical
DBP
Logical
DBP
GMI (FC)
ION A.C.N.
Symbol Code
DBP