Ontario Carbon Allowance Vintage 2017 Future61989018

Description

Physically delivered greenhouse gas emissions allowances where each is an allowance issued by the Province of Ontario or a linked program (“Ontario Carbon Allowance”) representing one metric ton of CO2 equivalent under the Ontario Climate Change Mitigation and Low-carbon Economy Act and its associated regulations, rules and amendments, all together known as the "Ontario Cap and Trade Program".

Market Specifications

Trading Screen Product Name
OCA Futures
Trading Screen Hub Name
OCA V17
Contract Symbol
OC7 Vintage 2017
Settlement Method
Physical delivery
Contract Size
1,000 Ontario Carbon Allowances
Currency
CAD
Minimum Price Fluctuation
The price quotation convention shall be One CAD cent ($0.01) per Ontario Carbon Allowances; 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 Ontario Carbon Allowances equal to the contract size delivered through the Compliance Instrument Tracking System Service (CITSS).

Ontario Carbon Allowances acceptable for delivery are those having a vintage corresponding to the specified vintage year.

Ontario Carbon Allowances acceptable must be able to be delivered into CITSS accounts registered in Ontario.
Registry
CITSS
MIC Code
IFED
Clearing Venues
ICEU
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Trading Hours

CityTradingPre-Open
New York7:50 PM - 6:00 PM*
19:50 - 18:00
7:40 PM
19:40
London12:50 AM - 11:00 PM*
00:50 - 23:00
12:40 AM
00:40
Singapore8:50 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
OCA
Physical
OC7
Logical
OC7
GMI(FC)
R&N A.C.N.