ICE Futures U.S.

California Carbon Allowance Current Auction Clearing Price

California Carbon Allowance Current Auction Clearing Price71090475

Description

The California Carbon Allowance Current Auction Clearing Price contract is a cleared market for California Carbon Allowance (CCA) futures contracts at a premium or discount to the Current Auction Settlement Price as published by the California Air Resources Board.

Market Specifications

Trading Screen Product Name
CCA ACP Current Futures
Trading Screen Hub Name
CCA
Commodity Code
ACP
Settlement Method
1 ACP contract exercises into an eligible California Carbon Allowances futures contract
Contract Size
1 California Carbon Allowances futures contract
Currency
USD
Minimum Price Fluctuation
The price quotation convention shall be One cent ($0.01) per California Carbon Allowance; Price may be positive or negative; minimum price fluctuation may vary by trade type. Please see Table in Resolution 1 to this Chapter 18.
Listing Cycle
The exchange may list contracts for trade on the standard listing cycle of February, May, August and November out two years. The Exchange may list any other calendar month contract sets off the standard-cycle listing schedule.
Last Trading Day
Trading shall cease at 3:00 p.m. (EPT) on the day on which the Joint Auction Summary Results Report for the specified auction is scheduled to be released. In the event that no Joint Auction Summary Results Report is scheduled to be released, the Last Trading Day will be determined by the Exchange in accordance with its Rules.
Deliverable Instruments
All parties with open positions at expiry will establish equivalent long or short futures positions in the eligible CCA futures contract on the Final Settlement Day. The eligible CCA futures contract is the futures contract with a vintage equal to the current calendar year and an expiry month following the month the auction is held. Open positions in the eligible CCA futures contract shall be priced at the respective Current Auction Settlement Price as published by the California Air Resources Board in the Joint Auction Summary Results Report. In the instance that an auction is cancelled or no Current Auction Settlement Price is published, an alternative settlement shall be determined by the Exchange.
Final Settlement
Final Settlement Day will be equal to 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
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
CCA
Physical
ACP
Logical
ACP
GMI(FC)
R&N A.C.N.