- Trading Screen Product Name
- LCFS Futures
- Trading Screen Hub Name
- LCFS
- Contract Symbol
LFS
- Settlement Method
Cash
- Contract Size
100 LCFS Credits (where 1 LCFS Credit is 1 MT)
- Currency
USD
- Minimum Price Fluctuation
The price quotation convention shall be Twenty-Five cent ($0.25)
per LCFS Credit; minimum price fluctuation may vary by trade type.
Please see Table in Resolution 1 to this Chapter 18.
- 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
Last Business Day of the contract month
- Floating Price
In respect of daily settlement, the Floating Price will be
determined by ICE using price data from a number of sources
including spot, forward and derivative markets for both physical
and financial products.
- Final Settlement
In respect of final settlement, the Floating Price will be a price
in USD and cents per LCFS Credit based on the average of the mean
of the high and low quotations appearing in the "OPIS Ethanol &
Gasoline Component Spot Market Prices" report under the heading
"California Low Carbon Fuel Standard" subheading "Carb
Credit” for each Business Day (as specified below) in the
determination period.
- Final Payment Date
Two Clearing House Business Days following the Last Trading Day
- Business Days
Publication days for OPIS Carb Credit
- MIC Code
- IFED
- Clearing Venues
- ICEU