Oregon Clean Fuels Program Futures83048051
ICE Futures U.S.
Oregon Clean Fuels Program Futures
Description
A monthly physically delivered Clean Fuels Program (CFP) Futures contract. Each CFP Credit is a credit as determined by the Oregon Department of Environmental Quality.
Market Specifications
- Trading Screen Product Name
- Oregon CFP Futures
- Trading Screen Hub Name
- OR CFP
- Contract Symbol
- OCP
- Contract Size
- 100 metric tons
- Unit of Trading
- 100 CFP Credits (where 1 CFP Credit is 1 metric ton)
- Currency
- US Dollars and cents
- Trading Price Quotation
- $0.25 per CFP Credit
- Minimum Price Fluctuation
- The price quotation convention shall be twenty-five cents ($0.25) per CFP 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 CFP Credit based on the Daily Settlement Price determined by the Exchange on the Last Trading Day.
- Deliverable Instruments
- The deliverable instruments are CFP Credits equal to the contract size delivered through the Oregon Fuels Reporting System CFP Reporting Tool operated by the Oregon Department of Environmental Quality. CFP Credits eligible for delivery are those specified under Oregon SB 324 and Oregon Administrative Rules Chapter 340 Division 253 (the CFP rule).
- Delivery Period
- Delivery shall commence 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
- Oregon Fuels Reporting System CFP Reporting Tool operated by the Oregon Department of Environmental Quality.
- 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 5:10 PM ET; Closed on Saturday
Codes
- Clearing Admin Name
- Phys LCFS
- Physical
- OCP
- Logical
- OCP
- GMI (FC)
- ION A.C.N.
- Symbol Code
- OCP