- Trading Screen Product Name
- Biofuel Futures
- Trading Screen Hub Name
- WA CFS (OPIS) 1L
- Contract Symbol
WFS
- Contract Size
100 metric tons
- 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 tenth of one cent ($0.01) per metric ton
- Minimum Price Fluctuation
One tenth of one cent ($0.001) per metric
- Last Trading Day
Last Trading Day of the contract month
- Floating Price
In respect of daily settlement, the Floating Price will be
determined by ICE using price data from a number of sources
including spot, forward and derivative markets for both physical
and financial products.
- Final Settlement
In respect of final settlement, the Floating Price will be a price
in USD and cents per CFS Credit based on the average of the
“Average” quotations appearing in the "OPIS Biofuels
Daily Report " under the heading “Low Carbon Fuel
Standards” subheading "Washington Clean Fuel Standard" and
"CFS Credit” for each business day (as specified below) in
the determination period
- Contract Series
Up to 72 consecutive months, or as otherwise determined by the
Exchange.
- Final Payment Date
Two Clearing House Business Days following the Last Trading Day
- Business Days
OPIS Carbon Market Report Business Days
- MIC Code
- IFED
- Clearing Venues
- ICEU