- Trading Screen Product Name
- UKA Futures
- Trading Screen Hub Name
- UKA
- Contract Symbol
UKA
- Contract Series
Up to 3 December, up to 3 March and up to 3 monthly contracts or as
otherwise determined and announced by the Exchange from time to
time. Contracts will not be listed beyond 2030.
- Contract Size
1000 Allowances
- Unit of Trading
One lot of 1,000 UK Allowances (UKA). Each UKA being an entitlement
to emit one tonne of carbon dioxide equivalent gas, as further
defined in the ICE Futures Europe Regulations.
- 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 on the last Monday of the contract month.
However, if the last Monday is a Non-Business Day or there is a
Non-Business Day in the 4 days following the last Monday, the last
day of trading will be the penultimate Monday of the delivery
month.
- Settlement Method
Physical Delivery
- 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 3
days after the last trading day.
- Exchange Rulebook
- MIC Code
- IFEU
- Clearing Venues
- ICEU