Option on California Low Carbon Fuel Standard Credit (OPIS) Future83046599
ICE Futures U.S.
Option on California Low Carbon Fuel Standard Credit (OPIS) Future
Description
An Option on the corresponding month of the California Low Carbon Fuel Standard Credit (OPIS) Future. (LFS)
Market Specifications
- Trading Screen Product Name
- LCFS Futures
- Trading Screen Hub Name
- LCFS
- Contract Symbol
- LFT
- Settlement Method
- Exercise into underlying Futures Contract (California Low Carbon Fuel Standard Credit (OPIS) Future)
- Contract Size
- 100 metric tons (where 1 LCFS Credit is 1 metric ton)
- Unit of Trading
- Any multiple of 100 metric tons.
- Currency
- US Dollars and cents
- Trading Price Quotation
- One cent ($0.01) per metric ton.
- Settlement Price Quotation
- One cent ($0.01) per metric ton.
- Minimum Price Fluctuation
- One cent ($0.01) per metric ton.
- Contract Series
- Up to 72 consecutive months, or as otherwise determined by the Exchange.
- Last Trading Day
- At 16:00 EPT on the 15th calendar day of the expiring month. Where the 15th calendar day is not a Business Day, the Last Trading Day shall be the first Business Day following the 15th calendar day of the expiring month
- Option Style
- European
- Option Premium
- Futures Style
- Exercise Procedure
- Automatic
Clearing Members shall provide exercise and abandon instructions to the Clearing Organization in accordance with the Clearing Organization rules
- Exercise Time
- 17:30 EPT on the Last Trading Day
- Business Days
- Publication days for OPIS Biofuels Daily Report.
- MIC Code
- IFED
- Clearing Venues
- ICEU
Related Products
Trading Hours
| City | Trading | Pre-Open |
|---|---|---|
| NEW YORK | 7:50 PM - 6:00 PM* 19:50 - 18:00 | 7:40 PM 19:40 |
| LONDON | 12:50 AM - 11:00 PM 00:50 - 23:00 | 12:40 AM 00:40 |
| SINGAPORE | 7:50 AM - 6:00 AM* 07:50 - 06:00 | 7:40 AM 07:40 |
*Next Day
Sunday Pre-Open 5:40 PM ET; Closed on Saturday
Codes
- Clearing Admin Name
- O-LCFS
- Physical
- LFT
- Logical
- LFS
- GMI (FC)
- ION A.C.N.
- Symbol Code
- LFT