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Description

The ART - CORSIA Eligible Emissions Units (2024-2026) Auction Contract is a deliverable contract where each Clearing Member who is allocated lots in the auction is obliged to take delivery of CORSIA Eligible Emissions Units for the 2024-2026 compliance period (first phase) which have been issued by ART, in accordance with the ICE Futures Europe Regulations. 

Market Specifications

Trading Screen Product Name

ART Carbon Auction

Trading Screen Hub Name

ART

Contract Symbol

CPA

Contract Series

Contracts are listed as per the auction calendar

Contract Size

1,000 TREES Credits

Unit of Trading

1 lot of 1,000 TREES Credits which have been issued by ART and are labelled as CORSIA Eligible Emissions Units for the 2024-2026 compliance period (first phase)

Minimum Trading Size

Futures: 1 lot = 1,000 TREES Credits

Quotation

US Dollars and Dollar Cents per metric tonne

Minimum Price Fluctuation

$0.05 per metric tonne (i.e., $50.00 per lot)

Tick Value

$0.05 per metric tonne (i.e., $50.00 per lot)

Last Trading Day

Contracts will expire as per the auction calendar and only one contract will be listed at any one time.

Settlement Method

Physical Delivery

Delivery Terms

The Contracts are physically deliverable by the transfer of TREES Credits from the account of ICE Clear Europe at the ART Registry to an acceptable account of the Buyer at the ART Registry. Delivery takes place two Business Days after the auction.

MIC Code

IFEU

Clearing Venues

ICEU

Related Products

• UKA Futures
• UKA Daily Futures
• UKA Options
• CORSIA Eligible Emissions Units (2024-2026) Futures

Trading Hours

Codes