FEX $300 Strike Cap Power Quarterly Futures

Quarterly cash settled futures for New South Wales, Victoria, South Australia, and Queensland electricity, against the Australian Energy Market Operator (AEMO) half-hourly price above $300/MWh.
FEX $300 Strike Cap Power Quarterly Futures	FEX $300 Strike Cap Power Quarterly Futures 	FEX $300 Strike Cap Power Quarterly Futures 	FEX $300 Strike Cap Power Quarterly Futures
Contract Code 	Quarters
GN - NSW $300 Strike Cap Power Quarterly Futures
GV - VIC $300 Strike Cap Power Quarterly Futures
GQ - QLD $300 Strike Cap Power Quarterly Futures
GS - SA $300 Strike Cap Power Quarterly Futures 4qtr Strips
RN - NSW $300 Strike Cap Power 4qtr Strip Futures
RV - VIC $300 Strike Cap Power 4qtr Strip Futures
RQ - QLD $300 Strike Cap Power 4qtr Strip Futures
RS - SA $300 Strike Cap Power 4qtr Strip Futures	Quarters
GN - NSW $300 Strike Cap Power Quarterly Futures
GV - VIC $300 Strike Cap Power Quarterly Futures
GQ - QLD $300 Strike Cap Power Quarterly Futures
GS - SA $300 Strike Cap Power Quarterly Futures 4qtr Strips
RN - NSW $300 Strike Cap Power 4qtr Strip Futures
RV - VIC $300 Strike Cap Power 4qtr Strip Futures
RQ - QLD $300 Strike Cap Power 4qtr Strip Futures
RS - SA $300 Strike Cap Power 4qtr Strip Futures	Quarters
GN - NSW $300 Strike Cap Power Quarterly Futures
GV - VIC $300 Strike Cap Power Quarterly Futures
GQ - QLD $300 Strike Cap Power Quarterly Futures
GS - SA $300 Strike Cap Power Quarterly Futures 4qtr Strips
RN - NSW $300 Strike Cap Power 4qtr Strip Futures
RV - VIC $300 Strike Cap Power 4qtr Strip Futures
RQ - QLD $300 Strike Cap Power 4qtr Strip Futures
RS - SA $300 Strike Cap Power 4qtr Strip Futures
Contract Type 	Cash Settled Futures Contract 	Cash Settled Futures Contract 	Cash Settled Futures Contract
Underlying 	New South Wales, Victoria, South Australia, and Queensland electricity, as administrated by the Australian Energy Market Operator (AEMO)	New South Wales, Victoria, South Australia, and Queensland electricity, as administrated by the Australian Energy Market Operator (AEMO)	New South Wales, Victoria, South Australia, and Queensland electricity, as administrated by the Australian Energy Market Operator (AEMO)
Contract Unit 	1 Megawatt of electricity per hour (MWh) across all periods of the contract quarter. e.g.
Q1 - 2160 MWh or 2184 MWh each leap year
Q2 - 2184MWh
Q3 - 2208MWh
Q4 - 2208MWh	1 Megawatt of electricity per hour (MWh) across all periods of the contract quarter. e.g.
Q1 - 2160 MWh or 2184 MWh each leap year
Q2 - 2184MWh
Q3 - 2208MWh
Q4 - 2208MWh	1 Megawatt of electricity per hour (MWh) across all periods of the contract quarter. e.g.
Q1 - 2160 MWh or 2184 MWh each leap year
Q2 - 2184MWh
Q3 - 2208MWh
Q4 - 2208MWh
Contract Currency 	AUD per megawatt hour (A$/MWh) 	AUD per megawatt hour (A$/MWh) 	AUD per megawatt hour (A$/MWh)
Minimum Price Increments Tick Size 	$0.01/MWh
$21.60 per contract for a 2160hr contract
$21.84 per contract for a 2184hr contract
$22.08 per contract for a 2208hr contract	$0.01/MWh
$21.60 per contract for a 2160hr contract
$21.84 per contract for a 2184hr contract
$22.08 per contract for a 2208hr contract	$0.01/MWh
$21.60 per contract for a 2160hr contract
$21.84 per contract for a 2184hr contract
$22.08 per contract for a 2208hr contract
Contract Months 	Quarterly up to 4 years or 16qtrs out
Mar, Jun, Sep, Dec
4qtr Calendar (Dec) and Financial (Jun) Strips 	Quarterly up to 4 years or 16qtrs out
Mar, Jun, Sep, Dec
4qtr Calendar (Dec) and Financial (Jun) Strips 	Quarterly up to 4 years or 16qtrs out
Mar, Jun, Sep, Dec
4qtr Calendar (Dec) and Financial (Jun) Strips
Trading Hours 	Day; 10.00am - 4.00pm 	Day; 10.00am - 4.00pm 	Day; 10.00am - 4.00pm
Last Trade Date 	The last Business day of the Contract quarter 	The last Business day of the Contract quarter 	The last Business day of the Contract quarter
Settlement Date 	The fourth Business Day after the Last Trade Date of the contract quarter 	The fourth Business Day after the Last Trade Date of the contract quarter 	The fourth Business Day after the Last Trade Date of the contract quarter
Cash Settlement 	The Cash Settlement Price is calculated as (a - (300 x b))/c, where:
a = the sum of all AEMO base load half hourly spot prices for the region in the Contract Quarter greater than $300.00
b = the total number of AEMO base load half hour spot prices for the region in the Contract Quarter greater than $300.00
c = the total number of base load half hour spot prices for the region in the Contract Quarter Rounded to the nearest cent. A provisional Cash Settlement Price will be declared on the first Business Day after Last Trade Date of the Contract and shall be later confirmed on the third Business Day after Last Trade Date.	The Cash Settlement Price is calculated as (a - (300 x b))/c, where:
a = the sum of all AEMO base load half hourly spot prices for the region in the Contract Quarter greater than $300.00
b = the total number of AEMO base load half hour spot prices for the region in the Contract Quarter greater than $300.00
c = the total number of base load half hour spot prices for the region in the Contract Quarter Rounded to the nearest cent. A provisional Cash Settlement Price will be declared on the first Business Day after Last Trade Date of the Contract and shall be later confirmed on the third Business Day after Last Trade Date.	The Cash Settlement Price is calculated as (a - (300 x b))/c, where:
a = the sum of all AEMO base load half hourly spot prices for the region in the Contract Quarter greater than $300.00
b = the total number of AEMO base load half hour spot prices for the region in the Contract Quarter greater than $300.00
c = the total number of base load half hour spot prices for the region in the Contract Quarter Rounded to the nearest cent. A provisional Cash Settlement Price will be declared on the first Business Day after Last Trade Date of the Contract and shall be later confirmed on the third Business Day after Last Trade Date.
== Notes ==
==References==
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