Canadian Clean Fuel Regulation Future83047828
ICE Futures U.S.
Canadian Clean Fuel Regulation Future
Description
A monthly physically delivered Clean Fuel Regulation (CFR) Futures contract. Each CFR Credit is a credit as determined by the Environment and Climate Change Canada (ECCC) for Compliance Category 2 (Liquid Class).
Market Specifications
- Trading Screen Product Name
- Canadian CFR Futures
- Trading Screen Hub Name
- Can CFR
- Contract Symbol
- CCR
- Contract Size
- 100 metric tons (where 1 CFR Credit is 1 metric ton)
- Unit of Trading
- Any multiple of 100 metric tons
- Currency
- Canadian Dollars and cents
- Trading Price Quotation
- Twenty-five cents (C$0.25) per metric ton
- Settlement Price Quotation
- One cent (C$0.01) per metric ton
- Minimum Price Fluctuation
- Twenty-five cents (C$0.25) per metric ton.
- Last Trading Day
- Three US business days prior to the last US business day of the delivery 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.
- Exchange Delivery Settlement Price
- In respect of final settlement, the price will be a price in Canadian Dollars and cents per metric ton based on the Daily Settlement Price determined by the Exchange on the Last Trading Day.
- 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
- 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
- Am Ref mt CAD
- Physical
- CCR
- Logical
- CCR
- GMI (FC)
- ION A.C.N.
- Symbol Code
- CCR