British Columbia Low Carbon Fuel Standard Futures83048049
ICE Futures U.S.
British Columbia Low Carbon Fuel Standard Futures
Description
A monthly physically delivered Low Carbon Fuel Standard (LCFS) Futures contract. Each LCFS is a credit as determined by the Ministry of Energy, Mines and Low Carbon Innovation (MEMLCI).
Market Specifications
- Trading Screen Product Name
- British Columbia LCFS Futures
- Trading Screen Hub Name
- BC LCFS
- Contract Symbol
- BCF
- Contract Size
- 100 metric tons
- Unit of Trading
- 100 LCFS Credits (where 1 LCFS Credit is 1 metric ton)
- Currency
- Canadian Dollars and cents
- Trading Price Quotation
- $0.25 per LCFS Credit
- Minimum Price Fluctuation
- The price quotation convention shall be twenty-five cents ($0.25) per LCFS Credit; minimum price fluctuation may vary by trade type.
- Listing Cycle
- Up to 72 consecutive months.
- Last Trading Day
- Three US business days prior to the last US business day of the delivery month.
- Exchange Delivery Settlement Price
- In respect of final settlement, the price will be a price in Canadian Dollars and cents per LCFS Credit based on the Daily Settlement Price determined by the Exchange on the Last Trading Day.
- Deliverable Instruments
- The deliverable instruments are LCFS Credits equal to the contract size delivered through the Transportation Fuels Reporting System (TFRS) operated by the MEMLCI. LCFS Credits eligible for delivery are those specified under the British Columbia Low Carbon Fuels (General) Regulation, B.C. Reg. 282/2023.
- Delivery Period
- Delivery shall commence no earlier than the first business day after the Last Trading Day and shall terminate on the last US business day of the delivery month.
- Registry
- Transportation Fuels Reporting System (TFRS) operated by the MEMLCI.
- 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
- Phys LCFS CAD
- Physical
- BCF
- Logical
- BCF
- GMI (FC)
- ION A.C.N.
- Symbol Code
- BCF