1. Every contract represents 1MW across the relevant product term.
2. How to breakdown the trade log product codes. n.b. trade log product code methodology is not identical to product code methodology used by ASX 24 Operations:
- First component:
- Base or Peak (e.g. B = Base, P = Peak, G = Cap) for quarter futures, or
- Base or Peak Strip covering a year of futures (e.g. H = Base Strip, D = Peak Strip, R = Cap Strip)
- Second component:
- Region (e.g. N = NSW, V = VIC, S = SA, Q = QLD)
- Third component:
- Relevant quarter (H= Q1, M= Q2, U= Q3, Z= Q4), or in the case of a strip trade
- Year-long strip ending with the prescribed quarter (e.g. Z = Calendar Year, M = Financial Year)
- Fourth component:
- Relevant Year (e.g. HNZ2010F)
- H â€“ Base load strip
- N â€“ NSW
- Z â€“ Calendar strip (ending in Q4 Dec)
- 2010 â€“ Calendar year 2010
3. All Base Load Strips (H) are shown with their quarterly breakdown.
- For example HNZ2010F 5 lots = 20 contracts (= 5 contracts*4 quarters)
- BNH2010F 5 lots
- BNM2010F 5 lots
- BNU2010F 5 lots
- BNZ2010F 5 lots
- Be careful to not double count volume of the H-strips.
- Either disregard the 4 quarters labeled â€˜stripâ€™ or disregard the H strip labeled â€˜Normalâ€™. This double counting issue does not apply to Option trades.
4. Futures volume that results from the exercise of options, is included as 'Strip' volume.