The product coding follows the following scheme:
The first two characters identify the type of derivative.
|Mini Future (0.1 MWh)||FM|
|Mini Swap (0.1 MWh)||SM|
The third character identifies the product type: base (B) or peak (P).
The fourth character identifies the settlement type: by cash (C).
Lastly, the delivery period and its detail is defined: Anual - CAL; Quarterly - Q; Monthly - M; Weekly - W or Daily - D.
|Derivative Product||Type||Settlement Type||Delivery Period||Examples|
SE - Wind Swap
SM - Mini Swap
FM - Mini Future
|B–Base P–Peak||C–Cash||CAL–Annual||SWBCCAL19: Swap Base Cash Annual 2019|
|Q–Quarterly||SWBCQ119: Swap Base Cash Q1 2019|
|M–Monthly||SWPCMJAN19: Swap Peak Cash Monthly January 2019|
SWBCW03K19: Swap Base Cash 3rd Whole Week 2019
SEBCW02K19: Wind Swap Cash 2nd Whole Week 2019
B- Business Day
|FTBCW02B19: Future Base Cash 2nd Week Business Day 2019|
|E–Weekend||SWBCW01E19: Swap Base Cash 1st Weekend 2019|
|D–Daily||SWBCD01JAN19: Swap Base Cash Daily 1st January 2019|
If an issue occurs, the message "TRADING" will change to "MARKET ISSUE" to reflect that a market event has occurred. By clicking on the Issue of the published alert it will be possible to access the information and intraday updates associated with this incident, which will be published immediately.
Note: BME will use its discretion to assign the severity of an incident