The deliverable instruments are separated D4 Renewable
Identification Numbers (RINs) equal to the contract size delivered
through the EPA Moderated Transaction System, having a vintage
corresponding to the specified vintage of the Futures contract
(“Eligible D4 RINs”) that meet the following
requirements.
Eligible D4 RINs must be:
1. generated according to pathways pursuant to 40 CFR §
80.1426 Table 1—Applicable D Codes for Each Fuel Pathway for
Use in Generating RINs;
2. Each generation facility which has produced Eligible D4 RINs
delivered by a Clearing Member in satisfaction of the Futures
Contract must be approved by ICE Clear Europe prior to delivery and
meet the following criteria at the time of delivery:
i. Registered pursuant to 40 CFR § 80.1450 and in good
standing with EPA;
ii. Located within the United States; and
iii. No history of EPA fraud-related enforcement actions.
ICE Clear Europe will permission the transfer of Eligible D4 RINs
produced by approved generation facilities to the account utilized
by the Clearing Organization in EMTS and the Exchange will make
available a list of the
Eligible
D4 RIN generation facilities which are deliverable in
accordance with Part N.1 of the ICE Clear Europe Delivery
Procedures.
The Exchange, at its sole and absolute discretion, may include or
exclude any generation facility from the official list of Eligible
D4 RINs for any reason.
Notice of such action shall be posted by the Exchange and said
generation facility will be stuck from the official list. The
addition or subtraction of a generation facility eligible for
delivery shall be binding upon all contracts months which have a
last trading day that is more than 90 calendar days from the date
such generation facility is added to or subtracted from the
official list.
Notwithstanding the foregoing, if a generation facility falls into
commercial disrepute, as determined at the sole and absolute
discretion of the Exchange, the Exchange may remove said generation
facility from the official list. In such circumstance, the
subtraction of a generation facility eligible for delivery shall be
immediately binding upon all contract months.