- Trading Screen Product Name
- UKA Daily Futures
- Trading Screen Hub Name
- UKA Daily
- Contract Symbol
DUK
- Contract Size
1000 Allowances
- Unit of Trading
One lot of 1000 UK Allowances (UKA). Each UK Allowance being an
entitlement to emit one tonne of carbon dioxide equivalent gas
during the relevant period.
- Currency
Pound Sterling
- Minimum Trading Size
1 lot
- Quotation
The contract price is in Pound Sterling and pence per metric tonne
- Settlement Price Quotation
The contract price is in Pound Sterling and pence per metric tonne
- Minimum Price Fluctuation
GBP 0.01
- Maximum Price Fluctuation
There are no limits.
- Contract Series
The Contract is a Daily Contract. Only one Daily Contract is listed
at any one time.
- Trading Hours
07:00 hours to 17:00 hours UK Local Time
- Off Exchange Trade Types
Block Trades are available for this contract, with a minimum size
of 10 lots.
EFPs/EFSs are also available.
- Settlement Price
Trade weighted average during the daily settlement period (16:05
– 16:15 UK Local Time) with Quoted Settlement Prices if low
liquidity. The settlement price will become the Exchange Delivery
Settlement Price (EDSP).
- Delivery Methods
The Contracts are physically deliverable by the transfer of UK
Allowances from an acceptable account of the Selling Clearing
Member at the UK Emissions Trading Registry to the specified
account of ICE Clear Europe at the UK Emissions Trading Registry
and 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.
The Delivery Period for Selling Clearing Members is the period
beginning at 10:00 hours on the business day following the last
trading day and ending at 16:00 hours on the business day following
the last trading day. ICE Clear Europe will deliver to Buying
Clearing Members by 16:00 hours on the second Business Day
following the last trading day.
- Clearing
ICE Clear Europe will act as central counterparty to all trades.
- Contract Security
ICE Clear Europe guarantees the financial performance of the ICE
Futures Europe contracts entered into in the name of its Clearing
Members, in accordance with the Clearing Rules.
- Business Days
ICE Business Days
- MIC Code
- IFEU
- Clearing Venues
- ICEU