CME Group CBL Global Emissions Offset

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The Global Emissions Offset futures (GEO) contract is a physically settled contract that allows for delivery of CORSIA eligible voluntary carbon offset credits from three registries: Verified Carbon Standard (VCS), American Carbon Registry (ACR), and Climate Action Reserve (CAR). Deliveries will be facilitated through CBL, a global leader in spot energy and environmental markets.[1] The contract allows for companies to meet short-term carbon reduction goals and reduce their carbon footprint as they transition to more sustainable practices.[2]

The contract became effective through the CME group on March 1st, 2021.[3]

Contract Specs[edit]

CBL Global Emissions Offset Futures
Contract Unit 1000 environmental offsets
Price Quotation U.S. dollars and cents per environmental offset
Trading Hours CME Globex: Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET)
CME ClearPort: Sunday 6:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday 5:45 p.m. – 6:00 p.m. CT
Minimum Price Fluctuation 0.01 per environmental offset = $10.00
Product Code CME Globex: GEO

CME ClearPort: GEO

Clearing: GEO

Listed Contracts Monthly contracts listed for the current year and the next 3 calendar years. List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year.
Settlement Method Deliverable
Floating Price The floating price is equal to CBL Global Emissions Offset spot price
Termination of Trading Trading terminates 3 business days prior to the last business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1269[4]
Block Minimum Block Minimum Thresholds[5]
Vendor Codes Quote Vendor Symbols Listing[6]

References[edit]

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