- Trading Screen Product Name
- EUA Phase 3 Daily Futures
- Trading Screen Hub Name
- EUA Phase 3 Daily
- Unit of Trading
One lot of 1000 Emission Allowances. Each Emission Allowance being
an entitlement to emit one tonne of carbon dioxide equivalent gas
during the relevant period.
- Relevant Period
Phase 3 compliance period.
- Contract Symbol
- Minimum Trading Size
Euro (€) and Euro cent (c) per metric tonne.
- Tick Size
€0.01 per tonne (i.e. €10.00 per lot).
- Minimum Price Fluctuation
- Maximum Price Fluctuation
- Contract Series
The Contract is a Daily Contract. Only one Daily Contract is listed
at any one time
- Trading System
Trading will occur on the ICE Futures Europe electronic trading
platform known as the ICE Platform accessible via WebICE or through
a conformed Independent Software Vendor
- Trading Hours
07:00 hours to 17:00 hours UK Local Time.
- Settlement Price
Trade weighted average during the daily closing period (16:50:00
– 16:59:59 UK Local Time) with Quoted Settlement Prices if
low liquidity. The settlement price will become the Exchange
Delivery Settlement Price (EDSP).
- VAT & Taxes
UK's HM Revenue and Customs has confirmed that the trading of the
ICE EUA Daily Futures Contract on the Exchange between the Member
and ICE Clear Europe Limited has been granted interim approval to
be zero-rated for VAT purposes under the terms of the Terminal
- Delivery Methods
The Contracts are physically deliverable by the transfer of
Emission Allowances from an acceptable Trading Account of the
Selling Clearing Member at the Union Registry to the specified
Trading Account of ICE Clear Europe at the Union Registry and from
the Trading Account of ICE Clear Europe at the Union Registry to an
acceptable Trading Account of the Buying Clearing Member at the
The Delivery Period for Selling Clearing Members is the period
beginning at 17:00 hours on the last trading day and ending at
15:00 hours on the business day following the last trading day. ICE
Clear Europe will deliver to Buying Clearing Members by 15:00 on
the second Business Day following the last trading day.
ICE Clear Europe will act as central counterparty to all trades.
- Contract Security
ICE Clear Europe guarantees the financial performance of the ICE
Futures Europe contracts entered into in the name of its Clearing
Members, in accordance with the Clearing Rules.
(Trade at Settlement)
- Additional Information
Block Trades are available for this contract, with a minimum size
of 50 lots. EFPs/EFSs are also available.
- MIC Code
- Clearing Venues