California Low Carbon Fuel Standard Futures83048050
ICE Futures U.S.
California 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 California Air Resources Board (CARB).
Market Specifications
- 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.
- 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
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 | 8:50 AM - 7:00 AM* 08:50 - 07:00 | 8:40 AM 08:40 |
*Next Day
Sunday Pre-Open 5:40 PM ET; Closed on Saturday
Codes
- Clearing Admin Name
- Phys LCFS
- Physical
- CCF
- Logical
- CCF
- GMI (FC)
- ION A.C.N.
- Symbol Code
- CCF