Charting and Data
1. Every contract represents 1MW across the relevant product term.
2. The official cash settlement price is available in the Charting & Data section on the first business day after the relevant contract quarter.
3. Non-traded volume reported as Volume;
- N/T volume is volume that is not traded “onscreen” or via a Block Trade or EFP. Non-traded volume results from:
- 1. Futures mandatory settlements (quarter end). Mandatory settlement volume is excluded from Tradelog volume; or
- 2. Option exercise into futures. Futures positions created by option exercise into futures are included as traded volume in the Tradelog.
- Futures cash settlement is T+4 business days after the expiry of the Contract Quarter
- Futures & Options expiry or exercise procedures are available online at http://www.d-cyphaTrade.com.au under ‘Contract Specifications.’
4. Open interest figures are calculated based on reports made by SFE Participants (i.e. SFE clearing participants) and are subject to revision by SFE Participants who may have not followed the best practice guidelines set out in the Practice Note attached to Operating Rule 46.5 of the SFE Clearing Rules. ASX recommends that traders not use Open Interest as an absolute measure of liquidity in contracts. (Source: http://www.asx.com.au).
5. Implied Futures refers to synthetically derived instrument prices calculated from a combination of listed product daily settlement prices. For example:
- 1. An implied calendar year 2010 NSW Baseload strip price is calculated using the MWh-weighted average price of the 4 component quarter futures prices across 2010.
- 2. An Implied price for Q1 2011 offpeak VIC is calculated as (Base load VIC Q1 2011 price x Base load Q1 2011 hours – VIC Q1 2011 Peak price x VIC Q1 2011 Peak hours)/(Q1 2011 Base hours – VIC Q1 2011 Peak hours). To return the synthetically derived offpeak price using official daily settlement prices of base and peak futures.
6. Financial Year products reference the year ending June 30 of the chosen year. For example Financial year 2013 refers to the financial year ending June 30 2013.