Your browser is unsupported

Please visit this URL to review a list of supported browsers.

Alberta Emission Performance Credit Vintage 2019 Futures

Description

Physically delivered Alberta Emissions Performance Credit (EPC) as defined under the Alberta Technology Innovation and Emissions Reduction ("TIER") Regulation, each EPC representing one metric tonne of CO2e.

Market Specifications

Trading Screen Product Name
NGX AEPC Futures
Trading Screen Hub Name
AEPC V19
Contract Symbol
AEC
Settlement Method
Physical Settlement
Contract Size
1,000 EPCs
Currency
CAD
Minimum Price Fluctuation
The price quotation convention shall be One cent ($0.01) per EPC; minimum price fluctuation may vary by trade type.
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, March, April, May, June, July, August, September, October, November and December.
Last Trading Day
The last business day of the Contract Expiry Month
Deliverable Instruments
Only Emission Performance Credits (defined in the TIER Regulation) with a usable life expiring on the same date as the usable life of the specified vintage or longer of the contract are acceptable for delivery.
Daily Settlement
Daily settlement will be determined by Intercontinental Exchange, Inc. using price data from a number of sources including spot, forward, and derivative markets for both physical and financial products.
Final Settlement
Final settlement will be determined by the actual Fixed Price entered into at time of transaction.
Settlement
1:45pm - 2:00pm MT
Final Payment Date
20th calendar day of the Settlement Month
Registry
Alberta Emission Performance Credit (EPC) Registry
Settlement Month
The month following the Contract Expiry Month
Seller Delivery Deadline
5th business day in the Settlement Month
Buyer Delivery Deadline
10th business day in the Settlement Month
MIC Code
NGXC
Clearing Venues
NGXC

Trading Hours

CityTradingPre-Open
New York8:30 AM - 5:00 PM
08:30 - 17:00

London1:30 PM - 10:00 PM
13:30 - 22:00

Singapore8:30 PM - 5:00 AM
20:30 - 05:00

Calgary Hours = 6:30 AM - 3:00 PM

Codes

Clearing Admin Name
NGX AEPC
Physical
AEC
Logical
AEC
GMI (FC)
ION A.C.N.
Symbol Code
AEC