- Trading Screen Product Name
- UKA Daily Futures
- Trading Screen Hub Name
- UKA Daily
- Contract Symbol
DUK
- Contract Series
The Contract is a Daily Contract. Only one Daily Contract is listed
at any one time.
- Contract Size
1000 Allowances
- Unit of Trading
1 lot of 1000 UK Allowances.
- Minimum Trading Size
Futures: 1 lot = 1,000 Allowances
Block Order: 10 lots = 10,000 Allowances
- Price Quotation
The contract price is in Pound Sterling and pence per metric
tonne.
- Minimum Price Fluctuation
GBP 0.01
- Tick Value
GBP 0.01 per tonne (i.e. £10.00 per lot).
- Last Trading Day
Trading will cease at the close of business on the business day
prior to the start of the delivery period.
- Settlement Method
Physical Delivery
- End of Day Settlement Price
Trade weighted average during the daily settlement period (16:05
– 16:15 UK Local Time) with Quoted Settlement Prices if low
liquidity. The settlement price will become the Exchange Delivery
Settlement Price (EDSP).
- Delivery Terms
The Contracts are physically deliverable by the transfer of UK
Allowances from an acceptable account of the Selling Clearing
Member at the UK Emissions Trading Registry to the specified
account of ICE Clear Europe at the UK Emissions Trading Registry
and from the account of ICE Clear Europe at the UK Emissions
Trading Registry to an acceptable account of the Buying Clearing
Member at the UK Emissions Trading Registry. Delivery takes place 2
days after the last trading day.
- Exchange Rulebook
- MIC Code
- IFEU
- Clearing Venues
- ICEU