- Trading Screen Product Name
- EUA Futures
- Trading Screen Hub Name
- EUA
- Unit of Trading
One lot of 1,000 CO2 EU Allowances. Each EU Allowance being an entitlement to emit one tonne of carbon dioxide equivalent gas.
- Minimum Trading Size
1 lot
- Quotation
Euro (€) and Euro cent (c) per metric tonne
- Minimum Tick
€0.01 per tonne (i.e. €10 per lot)
- Minimum Price Fluctuation
€0.01 per tonne
- Maximum Price Fluctuation
There are no limits.
- Contract Series
December contract months are listed up to 2025 and quarterly
contracts are listed up to 2020 .
In addition, the nearest two monthly Contracts will also be listed
so that there are always three prompt Contracts available to trade
inclusive of the quarterly Contract
- Expiry
Last Monday of the contract month. However, if the last Monday is a Non-Business Day or there is a Non-Business Day in the 4 days following the last Monday, the last day of trading will be the penultimate Monday of the delivery month
- Trading System
Trading will occur on the ICE Futures Europe electronic platform
known as the ICE Platform accessible via WebICE or through a
conformed Independent Software Vendor.
- Trading Model
Continuous trading throughout trading hours
- Settlement Price
Trade weighted average during the daily closing period (16:50:00 - 16:59:59 hours UK local time) with Quoted Settlement Prices if low liquidity
- Settlement
The contracts are physically settled and delivered by the transfer
of the EU Allowances from the seller's account to the buyer's
account at the Union Registry. All transfers always pass through
your clearing member's account and ICE Clear Europe. Delivery takes
place 3 days after the last trading day.
- Clearing
ICE Clear Europe acts as central counterparty to all trades and guarantees the financial performance of the ICE Futures contracts registered in the name of its Members
- VAT & Taxes
UK's HM Revenue and Customs has confirmed that the trading of the
EUA 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 Markets
Order.
- Margin
Initial and variation margin are charged in the usual manner by ICE Clear Europe
- MIC Code
- IFEU
- Clearing Venues
- ICEU