Option on Ontario Carbon Allowance Vintage 2017 Future61989033

Description

An Option on the corresponding month of the Ontario Carbon Allowance Future.

Market Specifications

Trading Screen Product Name
OCA Futures
Trading Screen Hub Name
OCA V17
Commodity Code
OC7 Vintage 2017
Settlement Method
Exercise into Underlying Futures Contract
Contract Size
1 Ontario Carbon Allowance Future Contract
Currency
CAD
Minimum Price Fluctuation
The price quotation convention shall be One tenth of one CAD cent ($0.001) per Carbon Emissions 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
At 4:00pm 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.
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
Option Style
European
Exercise Procedure
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
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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.