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ICE Futures U.S.

California Carbon Allowance Vintage 2020 Future

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Description

Physically delivered greenhouse gas emissions allowances where each is an allowance issued by the California Air Resources Board or a linked program (“California Carbon Allowance”) representing one metric ton of CO2 equivalent under California Assembly Bill 32 "California Global Warming Solutions Act of 2006" and its associated regulations, rules and amendments, all together known as the "California Cap and Trade Program".

Market Specifications

Trading Screen Product Name
CCA Futures
Trading Screen Hub Name
CCA V20
Contract Symbol
CAX: Vintage 2019, CAY Vintage 2020
Settlement Method
Physical delivery
Contract Size
1,000 California Carbon Allowances
Currency
USD
Minimum Price Fluctuation
The price quotation convention shall be One cent ($0.01) per Allowance; minimum price fluctuation may vary by trade type. Please see Table in Resolution 1 to this Chapter 18.
Listing Cycle
1. Standard-cycle contract listings: Annual December expirations for the current year and forward for up to five consecutive years.
2. The Exchange may list any other calendar month contract sets off the standard-cycle listing schedule through the last expiring contract set.
Last Trading Day
Three Business Days prior to the last Business Day of the delivery month
The last weekday of December is not considered a Business Day, unless otherwise determined and announced by the Exchange.
Deliverable Instruments
The deliverable instruments are California Carbon Allowances equal to the contract size delivered through the California MTS.

California Carbon Allowances acceptable for delivery are those issued as a limited authorization to emit up to one metric ton of CO2 or CO2 equivalent in the California Cap and Trade Program having a vintage corresponding to the specified vintage year and allowances having a vintage of any year prior to the specified vintage-year.

If the specified vintage year allowances do not exist in the California MTS at contract expiry, allowances of any prior vintage year or allowances of the earliest vintage year available in the California MTS shall be delivered.
Registry
California MTS
MIC Code
IFED
Clearing Venues
ICEU

Related Products

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
CAY
Logical
CAY
GMI (FC)
61
ION A.C.N.
Symbol Code
CAY