We hereby confirm that, acting as agent on your instructions, we have arranged the following deal on your behalf:
| Trade Date: |
April 27, 2024
10:55:44 PM GMT
|
| Commodity Type: |
Financial Swap - Peak
|
| Hub: |
MISO Mich Hub Day-Ahead
|
| Quantity: |
0
MWh
Hourly
|
| Total Quantity: |
0
MWh
|
| Buyer: |
Sally Smith,
XYZ Company
555 555 1234
|
| Seller: |
John Doe,
ABC Company
555 555 6789
|
| Strip: |
XXX24
|
| Effective Date: |
Apr 27, 2024
|
| Termination Date: |
Apr 27, 2024
|
| Fixed Price: |
0.00
USD / MWh
|
| Determination Period: |
The Effective Date through the Termination Date
|
|
Schedule:
|
Monday - Friday HE 08:00 - HE 23:00 EPT Excluding NERC Holidays
|
|
Floating Price (Seller):
|
The hourly weighted average of the hourly prices posted by Midwest Independent Transmission System Operator, Inc. (MISO), on their official website under the heading: Day-Ahead LMPs; Michigan.Hub.
|
|
Settlement Dates:
|
Each pricing day during a Determination Period.
|
|
Payment Dates:
|
Ten (10) New York Business Days of the month following the Determination Period via wire transfer of Federal Funds.
|
|
Other Terms:
|
To be confirmed directly between the above parties in their full form of contract. The terms reflected in such contracts shall be controlling.
|
| SEF TERMS: |
THE TRANSACTION WILL INCORPORATE AND BE SUBJECT TO THE TERMS OF THE REFERENCED ISDA COMMODITY DERIVATIVES DEFINITIONS, AS AMENDED AND SUPPLEMENTED AS OF THE DATE HEREOF, ANY APPLICABLE PUBLISHED STANDARD TERMS SUPPLEMENT AS OF THE DATE HEREOF FOR THE RELEVANT TRANSACTION TYPE AND REFERENCE ENTITY, AND ANY APPLICABLE MASTER AGREEMENT (INCLUDING ANY CREDIT SUPPORT ARRANGEMENT) BETWEEN THE PARTIES. FOR THE AVOIDANCE OF DOUBT, THIS CONFIRMATION LEGALLY SUPERSEDES ANY CONTRADICTORY TERMS FOUND IN ANY FREESTANDING NEGOTIATED AGREEMENTS THAT THE PARTIES MAY HAVE ENTERED INTO RELATING TO THIS TRANSACTION OR TO TRANSACTIONS GENERALLY. |
IntercontinentalExchange, Inc. trusts that the above correctly reflects your understanding of the deal in question and thanks you for this opportunity to be of service. Please note that the role of IntercontinentalExchange, Inc. is to introduce potential counterparties by electronically broadcasting orders via the trading system, which matches bids and offers based upon counterparty parameters established by Participants. IntercontinentalExchange, Inc. is not responsible for, nor is the trading system a substitute for, your judgment and determination as to the merits of the terms, provisions or contingencies applicable to the transaction or the underlying product. Furthermore, IntercontinentalExchange, Inc. is not responsible for the financial condition and/or performance of either counterparty in this deal. Certain of the products traded refer to commodity price indices published by third parties. IntercontinentalExchange, Inc. has no affiliation with such third party index publishers and accepts no liability or responsibility with respect to any errors or omissions of such publishers.