- Trading Screen Product Name
- WCA Futures
- Trading Screen Hub Name
- WCA V24
- Contract Symbol
WCB
- Settlement Method
Physical delivery
- Contract Size
1,000 Washington Carbon Allowances
- Currency
USD
- Minimum Price Fluctuation
The price quotation convention shall be One cent ($0.01) per
Allowance; 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
Three Business Days prior to the last Business Day of the delivery
month
The last weekday of December is not considered a Business Day,
unless otherwise determined and announced by the Exchange.
- Deliverable Instruments
The deliverable instruments are Washington Carbon Allowances equal
to the contract size delivered through the Compliance Instrument
Tracking System Service (“CITSS”).
Washington Carbon Allowances acceptable for delivery are those
issued as a limited authorization to emit up to one metric ton of
CO2 or CO2 equivalent in the Washington Cap and Invest Program
having a vintage corresponding to the calendar year of the expiring
contract and allowances having a vintage of any year prior to the
calendar year of the expiring contract. If the specified vintage
year allowances do not exist in the Washington CITSS Registry at
contract expiry, allowances of any prior vintage year or allowances
of the earliest vintage year available in the Washington CITSS
Registry shall be delivered.
- Registry
Washington CITSS Registry
- MIC Code
- IFED
- Clearing Venues
- ICEU