- Trading Screen Product Name
- California LCFS Futures
- Trading Screen Hub Name
- CA LCFS
- Contract Symbol
CCF
- Settlement Method
Intermediary Delivery
- Contract Size
100 LCFS Credits (where 1 LCFS Credit is 1 MT)
- Currency
US Dollars and cents
- Trading Price Quotation
$0.25 per LCFS Credit
- Minimum Price Fluctuation
The price quotation convention shall be Twenty-Five cent ($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.
- Daily Settlement Price Quotation
The Daily Settlement Price will be a weighted average price of
trades during a fifteen-minute settlement period from 15:45:00, US
Eastern Prevailing Time.
- Exchange Delivery Settlement Price
In respect of final settlement, the price will be a price in USD
and cents per LCFS Credit based on the Daily Settlement Price
determined by the Exchange on the Last Trading Day. The price shall
not be greater than the maximum price imposed by the CARB, as
defined in the CARB LCFS Credit Clearance Market, for the physical
transfer of LCFS credits.
- Deliverable Instruments
The deliverable instruments are LCFS Credits equal to the contract
size delivered through the LCFS Reporting Tool and Credit Bank
& Transfer System (LRT-CBTS) operated by the CARB. LCFS Credits
eligible for delivery are those specified under Title 17,
California Code of Regulations, sections 95480-95503 (the LCFS
rule).
- Delivery Period
Delivery shall be made in accordance with Part N of the ICE Clear
Europe Delivery Procedures and the applicable provisions of
Exchange Rulebook Chapter 19, or as otherwise announced by the
Exchange and/or the Clearing Organization.
- Registry
LCFS Reporting Tool and Credit Bank & Transfer System
(LRT-CBTS) operated by the CARB.
- MIC Code
- IFED
- Clearing Venues
- ICEU