Washington Clean Fuels Standard Futures83048053
ICE Futures U.S.
Washington Clean Fuels Standard Futures
Description
A monthly physically delivered Clean Fuels Program (CFP) Futures contract. Each CFP Credit is a credit as determined by the State of Washington Department of Ecology.
Market Specifications
- Trading Screen Product Name
- Washington CFS Futures
- Trading Screen Hub Name
- WCFS
- Contract Symbol
- WFP
- Contract Size
- 100 metric tons
- Settlement Method
- Physical Delivery
- 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 Washington Fuels Reporting System-Credit Bank & Transfer System (WFRS-CBTS) operated by the State of Washington Department of Ecology. CFP Credits eligible for delivery are those specified under Washington Administrative Code Title 173 Chapter 173-424.
- 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
- Washington Fuels Reporting System-Credit Bank & Transfer System (WFRS-CBTS) operated by the State of Washington Department of Ecology.
- 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
- WFP
- Logical
- WFP
- GMI (FC)
- ION A.C.N.
- Symbol Code
- WFP