- Trading Screen Product Name
- UKA Futures
- Trading Screen Hub Name
- Contract Symbol
- Contract Size
- Unit of Trading
One lot of 1,000 UK Allowances (UKA). Each UKA being an entitlement
to emit one tonne of carbon dioxide equivalent gas, as further
defined in the ICE Futures Europe Regulations.
- Minimum Trading Size
The contract price is in Pound Sterling and pence per metric tonne
- Tick Size
GBP 0.01 per tonne (i.e. £10.00 per lot).
- Minimum Price Fluctuation
- Maximum Price Fluctuation
There are no limits.
- Contract Series
Up to 3 December and 1 March contracts or as otherwise determined
and announced by the Exchange from time to time. Contracts will not
be listed beyond 2030.
- Expiration Date
Last Monday of the contract month. However, if the last Monday is a
Non-Business Day or there is a Non-Business Day in the 4 days
following the last Monday, the last day of trading will be the
penultimate Monday of the delivery month
- 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).
The contracts are physically settled and delivered by the transfer
of the UKAs from the seller's account to the buyer's account at the
UK Emissions Trading Registry. All transfers always pass through
your clearing member's account and ICE Clear Europe. Delivery takes
place 3 days after the last trading day.
ICE Clear Europe acts as central counterparty to all trades and
guarantees the financial performance of the ICE Futures contracts
registered in the name of its Members
Initial and variation margin are charged in the usual manner by ICE
- Business Days
ICE Business Days
- MIC Code
- Clearing Venues