- Trading Screen Product Name
- UKA UK Auction 500
- Trading Screen Hub Name
- UKA UK
- Contract Symbol
UK5
- Contract Series
Contracts are listed as per the auction calendar
- Contract Size
500 Allowances
- Unit of Trading
1 lot of 500 UK Allowances (UKA). Each UK Allowance being an
entitlement to emit one tonne of carbon dioxide equivalent gas in
the UK ETS.
- Minimum Trading Size
Futures: 1 lot = 500 Allowances
- Price Quotation
The contract price is in Pound Sterling and pence per metric tonne
- Minimum Price Fluctuation
GBP 0.01
- Last Trading Day
Contracts will expire as per the auction calendar and only one
contract will be listed at any one time.
- Auction Reserve Price
The Auction Reserve Price is GBP 22.00 per UK Emission Allowance
(UKA).
- Additional Information
The Auction Clearing Price will be determined upon closure of the
bidding window. Bids shall be sorted in order of the price bid and
added up starting with the highest bid. The price of the bid at
which the sum of the volumes bid matches the volume of the
allowances auctioned shall be the Auction Clearing Price. Tied bids
shall be sorted at random. All bidders shall pay the Auction
Clearing Price. In case the sum of the volumes bid is lower than
the volume of the allowances auctioned, allowances can be
allocated. Winning bids and the Auction Clearing Price will be
determined in accordance with Regulation 6 and Regulation 7 of the
Greenhouse Gas Emissions Trading Scheme Auctioning Regulations
2021.
- Settlement Method
Physical Delivery
- Delivery Terms
The Contracts are physically deliverable by the transfer of UK
Allowances 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
the day after the last trading day.
- Exchange Rulebook
- MIC Code
- IFEU
- Clearing Venues
- ICEU