- Trading Screen Product Name
- Nature-Based Carbon Credit Futures
- Trading Screen Hub Name
- VCU V16-V20
- Contract Symbol
NBT
- Contract Series
Up to 7 December, up to 9 quarterly and 2 monthly contracts or as
otherwise determined and announced by the Exchange from time to
time.
- Expiration Date
Trading shall cease at the end of the designated settlement period
three Business Days prior to the last Business Day of the contract
month. If the day on which trading is due to cease is the Business
Day before Christmas Day falling on a Saturday, then trading shall
cease on the preceding Business Day.
- Contract Security
ICE Clear Europe acts as central counterparty to all trades thereby
guaranteeing the financial performance of ICE Futures Europe
contracts registered in the name of its Members up to and including
delivery, exercise and/or settlement.
- Trading Hours
01:00 AM - 11:00 PM LLT, Monday – Friday
- Trading Model
Continuous trading throughout trading hours
- Trading Methods
Futures, Exchange for Physical (EFP), Exchange for Swap (EFS) and
Block Trades are available for this contract.
- Unit of Trading
VCUs from VCS AFOLU Projects with CCB Certification having a
vintage between 1 January 2016 up to and including 31 December
2020.
- Contract Size
One lot of 1,000 Nature-Based Solution Carbon Credits. Each NBSCC
equals one metric tonne of greenhouse gas emissions.
- Minimum Trading Size
1 lot
- Minimum Block Order
10 lots
- Quotation
The contract price is in US Dollars and Dollar Cents per metric
tonne
- Minimum Price Fluctuation
$0.01 per tonne (i.e., $10.00 per lot).
- Maximum Price Fluctuation
There are no limits.
- Tick Value
$0.01 per tonne (i.e., $10.00 per lot).
- Settlement Price
Each business day at approximately 16:15 hours LLT.
- Initial Margin
Calculated on all open contracts, Initial Margin, as defined in the
ICE Clear Europe Clearing Rules, is a deposit held by ICE Clear
Europe in order to cover the costs that may be incurred in closing
out a position in default. It is returned upon the closing of the
position, or at expiry, with interest.
- Daily Margin
All open contracts are 'marked-to-market' daily, with Variation
Margin, as defined in the ICE Clear Europe Clearing Rules, being
called for as appropriate.
- Exchange Delivery Settlement Price
The EDSP shall be the Settlement Price established by ICE Futures
Europe at the end of the closing period on the last day of trading
for the relevant delivery month.
ICE Futures Europe may, in its absolute discretion, determine in
respect of the Contract, at any time prior to the delivery period,
a price other than that specified above.
- MIC Code
- IFEU
- Clearing Venues
- ICEU