- Trading Screen Product Name
- WCA ACP Advance Futures
- Trading Screen Hub Name
- WCA
- Contract Symbol
WAA
- Settlement Method
1 WAA contract exercises into an eligible Washington Carbon
Allowances futures contract
- Contract Size
1 Washington Carbon Allowances futures contract
- Currency
USD
- Minimum Price Fluctuation
The price quotation convention shall be One cent ($0.01) per
Allowance; minimum price fluctuation may vary by trade type. Please
see Table in Resolution 1 to this Chapter 18.
- Listing Cycle
1. The Exchange may list monthly contracts in the Standard Cycle or
any other calendar month it determines for the current year and
forward for up to four years.
2. The Standard Cycle is: January, February, March, April, May,
June, July, August, September, October, November and December
- Last Trading Day
Trading shall cease at 3:00 p.m. (EPT) on the day on which the
Auction Summary Results Report (“Report”) for the
specified auction is scheduled to be released. In the event that no
Report is scheduled to be released, the Last Trading Day will be
determined by the Exchange in accordance with its Rules. In the
event that no Report is released due to cancellation of the
auction, or release of the Report is delayed beyond the extension
of trading permitted by the preceding sentence of this paragraph,
the Last Trading Day will be determined by the Exchange as follows:
(a) if notice of the auction cancellation or delay is issued by the
Washington Department of Ecology on or prior to the 15th day of a
calendar month, then trading shall cease at 3:00 p.m. (EPT) on the
last Business Day of such month and (b) if such notice is given by
the Washington Department of Ecology after the 15th calendar day of
a month, then trading shall cease at 3:00 p.m. (EPT) on the tenth
(10th) Business Day of the next calendar month.
- Deliverable Instruments
All parties with open positions at expiry will establish equivalent
long or short futures positions in the eligible WCA Vintage
Specific futures contract on the Final Settlement Day.
Unless otherwise determined and announced by the exchange the
eligible WCA Vintage Specific futures contract is, if the auction
is held during the first 20 calendar days of a month, the Vintage
Specific futures contract with a vintage three years advanced from
the current calendar year and an expiry month following the month
the auction is held or, if the auction is held after the first 20
calendar days of a month, the Vintage Specific futures contract
with a vintage three years advanced from the current calendar year
and an expiry month two months following the month the auction is
held.
Open positions in the eligible WCA futures contract shall be priced
at the respective Advance Auction Settlement Price as published by
the Washington Department of Ecology in the Report.
In the event that an auction is cancelled, or the release of the
Report is delayed beyond the extension of trading permitted by this
Rule, or no Advance Auction Settlement Price is published in the
Auction Summary Results Report, an alternative settlement price
that is equal to the higher of the applicable Auction floor price
published by the Washington Department of Ecology, and the
settlement price of the eligible WCA futures contract on the Final
Settlement Day, shall be determined by the Exchange.
- MIC Code
- IFED
- Clearing Venues
- ICEU