- Trading Screen Product Name
- German Power Financial Base Futures
- Trading Screen Hub Name
- German Grid
- Contract Symbol
GAB
- Contract Series
Up to 156 consecutive monthly contracts, or as otherwise determined
by ICE Endex.
Quarterly, seasonal, calendar, and any period of consecutive
monthly contracts
can be registered as a strip
- Contract Size
1 MW per day in the contract period (i.e. month, quarter or year) x
23, 24 or 25 hours (summer or winter time).
- Unit of Trading
1 MW
- Minimum Trading Size
1 lot = 1 MW (Electronic Futures, EFP, EFS)
- 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
- Last Trading Day
"Trading will cease at the close of business one Business Day prior
to the last calendar day of the contract delivery period.
Quarter, season and calendar contracts will cease trading at the
close of business one Business Days prior to the first calendar day
of the quarter, season or calendar year. "
- Settlement Method
Financial Settled
- Exchange Delivery Settlement Price
The cash settlement price of the contract is equal to the
arithmetic mean of the hourly price of each hour between 00:00
(CET) and 24:00 (CET) of the German Day-Ahead auction, for each day
throughout the contract period.
- MIC Code
- NDEX
- Clearing Venues
- ICEU