- Trading Screen Product Name
- EUA Futures
- Trading Screen Hub Name
- EUA
- Contract Symbol
C
- Contract Series
Up to 7 December, 9 quarterly, 3 August and 2 monthly contracts or
as otherwise determined and announced by ICE Endex from time to
time. Contracts will not be listed beyond December 2030.
- Contract Size
One lot of 1000 EUAs. Each EUA being an Allowance which is an
entitlement to emit one tonne of carbon dioxide equivalent gas.
- Unit of Trading
Allowance(s). An EUA Futures contract for the purposes of trading
and delivering Allowances within the meaning of Chapter II and
Chapter III of Directive 2003/87/EC in accordance with the
Rules.
- Minimum Trading Size
Futures: 1 lot = 1,000 EUA Allowances
Exchange for Swap: 50 lots = 50,000 EUA Allowances
Block Order: 50 lots = 50,000 EUA Allowances
- Price Quotation
The contract price is in Euros and Euro cents per metric
tonne
- Minimum Price Fluctuation
1 Euro Cent per tonne (€0.01/tonne)
- Tick Value
€10.00 per lot
- Last Trading Day
Trading will cease at the close of business on the last Monday of
the contract month. However, if the last Monday is a UK Bank
Holiday or there is a UK Bank Holiday in the 4 days following the
last Monday, the last day of trading will be the penultimate Monday
of the delivery month.
- Settlement Method
Physical Delivery
- Exchange Delivery Settlement Price
Will be the end of day Settlement Price on the Last Trading Day of
the contract.
- Delivery Terms
Each Clearing Member with a position open at cessation of trading
is obliged to make or take delivery of EUAs to or from a Trading
Account in accordance with the Rules.
- Delivery Period
Means the period beginning at 09.00 hours (LLT) on the Business Day
following the last day of trading of a Contract and ending at 15.00
hours (LLT) on the third Business Day following that last day of
trading. Where an EUA Delivery Delay becomes applicable to a
Contract, the period shall end at such later time as the Clearing
House may direct, which in any event shall not be a time beyond
15.00 hours (LLT) on the fourth Business Day after the last day of
trading.
- Delivery Delay
In relation to EUA Futures Contracts, is deemed to have taken place
where:
(i) in the case of a Seller other than the Clearing House, the
Seller initiates EUA Delivery after 15.00 hours (LLT) on the first
Business Day after the last day of trading or such later time as
the Clearing House may direct but before 15.00 hours (LLT) on the
second Business Day after the last day of trading, in compliance
with directions of the Clearing House or otherwise; or
(ii) in case the Clearing House acts as a Seller, the Buyer's
Trading Account is credited after 15.00 hours (LLT) on the third
Business Day after the last day of trading but on or before 15.00
hours (LLT) on the fourth Business Day after the last day of
trading,
provided in each case, that an EUA Delivery Delay will cease to
exist in relation to a Contract where an EUA Delivery Failure
becomes applicable in relation to that Contract.
- Delivery Failure
In relation to EUA Futures Contracts, is deemed to have taken place
where:
(i) in the case of a Seller other than the Clearing House, the
Seller has failed to make a valid request for EUA Delivery for an
EUA Delivery Period by 15.00 hours (LLT) on the second Business Day
after the last day of trading; or
(ii) in the case of a Buyer being the Clearing House, the
Buyer’s Trading Account has not been credited by 15.00 hours
(LLT) on the third Business Day after the last day of trading; or
(iii) in the case of a Buyer other than the Clearing House, the
Buyer’s Trading Account has not been credited by 15.00 hours
(LLT) on the fourth Business Day after the last day of trading; or
(iv) in the case of a Seller being the Clearing House, the
Buyer’s Trading Account has not been credited by 15.00 hours
(LLT) on the fourth Business Day after the last day of trading.
- MIC Code
- NDEX
- Clearing Venues
- ICEU