- Trading Screen Product Name
- Nature-Based Carbon Credit Futures
- Trading Screen Hub Name
- VCU V22-V26
- Contract Symbol
OVF
- Contract Series
Up to 7 December, up to 9 quarterly and 2 monthly contracts or as
otherwise determined and announced by the Exchange from time to
time.
- Expiration Date
3 business days prior to the last business day of the contract
month
- Contract Security
ICE Clear Europe acts as central counterparty to all trades thereby
guaranteeing the financial performance of ICE Futures Europe
contracts registered in the name of its Members up to and including
delivery, exercise and/or settlement.
- Trading Hours
01:00 AM - 11:00 PM LLT, Monday – Friday
- Trading Model
Continuous trading throughout trading hours
- Trading Methods
Futures, Exchange for Physical (EFP), Exchange for Swap (EFS) and
Block Trades are available for this contract.
- Unit of Trading
VCUs from VCS AFOLU Projects with CCB Certification having a
vintage between 1 January 2022 up to and including 31
December 2026.
- Contract Size
One lot of 1,000 Nature-Based Solution Carbon Credits. Each Nature
Based Solution Carbon Credit equals one metric tonne of greenhouse
gas emissions.
- Minimum Trading Size
1 lot
- Minimum Block Order
10 lots
- Quotation
The contract price is in US Dollars and Dollar Cents per metric
tonne
- Minimum Price Fluctuation
$0.01 per tonne (i.e., $10.00 per lot).
- Maximum Price Fluctuation
There are no limits.
- Tick Value
$0.01 per tonne (i.e., $10.00 per lot).
- Settlement Price
Each business day at approximately 16:15 hours
- Initial Margin
Calculated on all open contracts, Initial Margin, as defined in the
ICE Clear Europe Clearing Rules, is a deposit held by ICE Clear
Europe in order to cover the costs that may be incurred in closing
out a position in default. It is returned upon the closing of the
position, or at expiry, with interest.
- Daily Margin
All open contracts are 'marked-to-market' daily, with Variation
Margin, as defined in the ICE Clear Europe Clearing Rules, being
called for as appropriate.
- Exchange Delivery Settlement Price
The EDSP shall be the Settlement Price established by ICE Futures
Europe at the end of the closing period on the last day of trading
for the relevant delivery month.
ICE Futures Europe may, in its absolute discretion, determine in
respect of the Contract, at any time prior to the delivery period,
a price other than that specified above.
- MIC Code
- IFEU
- Clearing Venues
- ICEU