ICE California Carbon Allowance Specific Vintage 2022
Physically delivered greenhouse gas emissions allowances where each is an allowance issued by the California Air Resources Board or a linked program (“California Carbon Allowance”) representing one metric ton of CO2 equivalent under California Assembly Bill 32 "California Global Warming Solutions Act of 2006" and its associated regulations, rules and amendments, all together known as the "California Cap and Trade Program".
| California Carbon Allowance Specific Vintage 2022 Futures | |||
|---|---|---|---|
| Trading Screen Product Name | CCA Specific Futures | ||
| Trading Screen Hub Name | CCAS V22 | ||
| Contract Symbol | CC1: Vintage 2022 | ||
| Settlement Method | Physical delivery | ||
| Contract Size | 1,000 California Carbon Allowances | ||
| Currency | USD | ||
| Minimum Price Fluctuation | The price quotation convention shall be One cent ($0.01) per California Carbon Allowance; minimum price fluctuation may vary by trade type. Please see Table in Resolution 1 to this Chapter 18. | ||
| Listing Cycle | 1. The Exchange may list monthly contracts in the Standard Cycle or any other calendar month it determines for the current year and forward for up to ten years.
2. The Standard Cycle is: January, February, March, April, May, June, July, August, September, October, November and December | ||
| Last Trading Day | Three Business Days prior to the last Business Day of the delivery month | ||
| Deliverable Instruments | The deliverable instruments are California Carbon Allowances equal to the contract size delivered through the California MTS.
California Carbon Allowances acceptable for delivery are those issued as a limited authorization to emit up to one metric ton of CO2 or CO2 equivalent in the California Cap and Trade Program having a vintage corresponding to the specified vintage year only. | ||
| Registry | California MTS | ||
| MIC Code | IFED | ||
| Clearing Venues | ICEU | ||
| Trading Hours | CITY | TRADING | PRE-OPEN |
| NEW YORK | 7:50 PM - 6:00 PM
19:50 - 18:00 |
7:40 PM
19:40 | |
| LONDON | 12:50 AM - 11:00 PM
00:50 - 23:00 |
12:40 AM
00:40 | |
| SINGAPORE | 8:50 AM - 7:00 AM
08:50 - 07:00 |
8:40 AM
08:40 | |
| *Next Day
Sunday Pre-Open 5:40 PM ET; Closed on Saturday | |||
| Codes | Clearing Admin Name | CCA | |
| Physical | CC2 | ||
| Logical | CC2 | ||
| GMI (FC) | L- | ||
| ION A.C.N. | None | ||
| California Carbon Allowance Vintage Specific 2022 Options | |||
|---|---|---|---|
| Trading Screen Product Name | CCA Specific Futures | ||
| Trading Screen Hub Name | CCAS V22 | ||
| Contract Symbol | CC1: Vintage 2022 | ||
| Settlement Method | Exercise into Underlying Futures Contract | ||
| Contract Size | 1 California Carbon Allowances Futures | ||
| Currency | USD | ||
| Minimum Price Fluctuation | The price quotation convention shall be One cent ($0.01) per metric ton; minimum price fluctuation may vary by trade type. Please see Table in Resolution 1 to this Chapter 18. | ||
| Listing Cycle | 1. The Exchange may list monthly contracts in the Standard Cycle or any other calendar month it determines for the current year and forward for up to ten years.
2. The Standard Cycle is: January, February, March, April, May, June, July, August, September, October, November and December | ||
| Strike Price Intervals | A minimum of ten Strike Prices in increments of $0.05 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 $0.05 increments | ||
| 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
Clearing Members shall provide exercise and abandon instructions to the Clearing Organization in accordance with the Clearing Organization rules Exercise Time 5:30 pm EPT on the Last Trading Day | ||
| MIC Code | IFED | ||
| Clearing Venues | ICEU | ||
| Trading Hours | CITY | TRADING | PRE-OPEN |
| NEW YORK | 7:50 PM - 6:00 PM*
19:50 - 18:00 |
7:40 PM
19:40 | |
| LONDON | 12:50 AM - 11:00 PM*
00:50 - 23:00 |
12:40 AM
00:40 | |
| SINGAPORE | 8:50 AM - 7:00 AM*
08:50 - 07:00 |
8:40 AM
08:40 | |
| *Next Day
Sunday Pre-Open 5:40 PM ET; Closed on Saturday | |||
| Codes | Clearing Admin Name | CCA | |
| Physical | CC2 | ||
| Logical | CC2 | ||
| GMI (FC) | L- | ||
| ION A.C.N. | None | ||
Notes[edit]
References[edit]
Resources[edit]
ICE California Carbon Allowance Specific Vintage 2022 Product Spec
ICE Option on California Carbon Allowance Vintage Specific 2022 Product Spec