- Trading Screen Product Name
- REC-MD Futures
- Trading Screen Hub Name
- REC-MD C1
- Commodity Code
MDE
- Settlement Method
Exercise into Underlying Futures Contract
- Contract Size
1 Maryland Compliance Renewable Energy Credit Tier 1 Future
contract
- Currency
USD
- Minimum Price Fluctuation
The price quotation convention shall be One cent ($0.01) per MWh;
minimum price fluctuation may vary by trade type. Please see Table
in Resolution 1 to this Chapter 18.
- Strike Price Intervals
A minimum of ten Strike Prices in increments of $0.25 above and
below the at-the-money Strike Price. Strike Price boundaries are
adjusted according to futures price movements. User-defined Strike
Prices are allowed in $0.25 increments.
- Listing Cycle
1. Standard-cycle contract listings: Monthly contract sets through
the current Year and forward up to 10 consecutive Years.
2. The Exchange may list any other calendar month contract set off
the standard-cycle listing schedule through the last expiring
contract set.
- Last Trading Day
At 4:00 pm EPT on the 15th calendar day of the delivery month.
Where the 15th calendar day is not a Business Day, the Last Trading
Day shall be the first Business Day following the 15th calendar day
of the delivery month.
- Option Style
European
- Exercise
Automatic
Exercise Time 5:30 pm EPT on the Last Trading Day
- Registry
PJM GATS
- MIC Code
- IFED
- Clearing Venues