d-cyphaTrade ASX New Product Listing Contract Specifications
Mon 18 Mar 2013
1. Base Load Calendar Month Electricity Futures
Trading Platform: ASX Trade24
Contract Name: d-cyphaTrade ASX Base Load Calendar Month Electricity Futures
Contract Unit: One (1) Megawatt (MW) per hour base load profile over the contract period
Underlying Commodity: Electrical energy bought and sold in the Australian wholesale electricity pool markets conducted by the Australian Energy Market Operator (AEMO) – NSW, QLD, VIC and SA
Type of contract: Cash Settled
Commodity Code(s): EN, EV, EQ, ES
Trading Hours: 9:00am – 4:00pm
Minimum Price Interval: $0.01
Contract Months: 3 – 6 months ahead
Last Trading Day: The last business day of the contract month. Trading terminates at 4:00pm
Final Settlement Price: Average of all base load half hourly spot prices over the contract calendar month
Settlement Day: The cash settlement day of the contract shall be the fourth business day after the expiry of the contract month (T+4)
Block Trade: 25 lot block trade threshold
EFP: Yes
2. Options over Base Load Financial (Fin) Year Electricity Strip Futures
Trading Platform: ASX Trade24
Contract Name: d-cyphaTrade ASX Options over Base Load Financial Year Electricity Strip Futures
Contract Unit: An option over a Financial Year Strip of Base Load Calendar Quarter Electricity Futures contracts (NSW, QLD, VIC, SA)
Underlying Commodity: Base Load Financial Year Electricity Strip Futures contracts (NSW, QLD, VIC, SA)
Option Premium Minimum Price Interval: $0.01
Commodity Code(s): HN, HV, HQ, HS
Trading Hours: 9:00am – 4:00pm
Contract Years: 3 years ahead.
Last Trading Day: Business day 6 weeks prior to the day immediately proceeding the commencement of the Contract Year for the underlying Strip Futures product.
Expiry Settlement Price: Expiry Settlement Price of the underlying Strip Futures Contract
Exercise Methodology: Auto exercise In-the-money, Discard At-the-money and Out-of-the-money
Declaration Date: ?????