Biofuel Outright - British Columbia Low Carbon Fuel Standard (OPIS) 1st Line Future83047828
ICE Futures U.S.
Biofuel Outright - British Columbia Low Carbon Fuel Standard (OPIS) 1st Line Future
Description
A monthly cash settled future based on the OPIS daily assessment price for British Columbia Low Carbon Fuel Standard (LCFS) Credits.
Market Specifications
- Trading Screen Product Name
- Biofuel Futures
- Trading Screen Hub Name
- BC LCFS (OPIS) 1L
- Contract Symbol
- BCS
- Contract Size
- 100 metric tons
- Unit of Trading
- Any multiple of 100 metric tons
- Currency
- Canadian Dollars and cents
- Trading Price Quotation
- The price quotation convention shall be twenty-five cents (C$0.25) per metric ton. One LCFS Credit is equal to one metric ton.
- Settlement Price Quotation
- One cent (C$0.01) per metric ton
- Minimum Price Fluctuation
- One cent (C$0.01) per metric ton
- Last Trading Day
- Last Trading Day of the contract month
- Floating Price
- In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.
- Final Settlement
- In respect of the final settlement, the Floating Price will be a price in CAD and cents per LCFS Credit based on the average of the “Average” quotations appearing in the “OPIS Biofuels Daily Report” under the heading “Low Carbon Fuel Standards” subheading “British Columbia Low Carbon Fuel Standards” and “British Columbia LCFS Credit” (Unit: C$/mt) 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
- Deliverable Instruments
- The deliverable instruments are CFR Credits equal to the contract size delivered through the Credit & Tracking System (CATS) administered by Environment and Climate Change Canada (ECCC). CFR Credits eligible for delivery are those specified under Canadian Environmental Protection Act.
- Business Days
- OPIS Carbon Market Report Business Days
- 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
- Am Ref mt CAD
- Physical
- BCS
- Logical
- BCS
- GMI (FC)
- ION A.C.N.
- Symbol Code
- BCS