ICE Futures U.S.

Option on Massachusetts Solar Renewable Certificate Future Vintage 2021

Option on Massachusetts Solar Renewable Certificate Future Vintage 202169732287

Description

An Option on the corresponding month of the Massachusetts Solar Renewable Certificate Vintage Future

Market Specifications

Trading Screen Product Name
SREC-MA Futures
Trading Screen Hub Name
SREC-MA V21
Commodity Code
MQ1
Settlement Method
Exercise into Underlying Futures Contract
Contract Size
1 Massachusetts Solar Renewable Certificate Vintage Future
Currency
USD
Minimum Price Fluctuation
The price quotation convention shall be One cent ($0.01) per metric ton; 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, April, May, July, August, October, November
Strike Price Intervals
A minimum of ten Strike Prices in increments of $0.05 above and below the at-the-money Strike Price. Strike Price boundaries are adjusted according to futures price movements. User-defined Strike Prices are allowed in $0.05 increments
Last Trading Day
At 4:00 pm 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.
Option Style
European
Exercise Method
Automatic
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

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
Singapore7:50 AM - 6:00 AM*
07:50 - 06:00
7:40 AM
07:40

*Next Day

Codes

Clearing Admin Name
SREC-MA C1
Physical
MQ1
Logical
MQ1
GMI(FC)
R&N A.C.N.