Option on Pennsylvania Compliance Alternative Energy Credit Tier II Future83049486
ICE Futures U.S.
Option on Pennsylvania Compliance Alternative Energy Credit Tier II Future
Description
A Futures Style Margin (FSM) Option on the corresponding month of the Pennsylvania Compliance Alternative Energy Credit Tier II Future.
Market Specifications
- Trading Screen Product Name
- REC-PA Futures
- Trading Screen Hub Name
- REC-PA CII
- Contract Symbol
- PCT
- Settlement Method
- Exercise into Underlying Futures Contract
- Contract Size
- 1 Pennsylvania Compliance Alternative energy Credit Tier II Future
- Currency
- USD
- Minimum Price Fluctuation
- The price quotation convention shall be one cent ($0.01) per Renewable Energy Credit; 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 ten years.
2. The Standard Cycle is: January, February, March, April, May, June, July, August, September, October, November and December - Last Trading Day
- At 2:30 pm EPT on the 15th calendar day of the delivery month. Where the 15th calendar day is not a Business Day, the Last Trading Day shall be the first Business Day following the 15th calendar day of the delivery month.
- Strike Price Intervals
- A minimum of ten Strike Prices in increments of $0.05 above and below the at-the-money Strike Price. Strike Price boundaries are adjusted according to futures price movements. User-defined Strike Prices are allowed in $0.05 increments
- Option Style
- European
- Option Premium
- Futures Style
- Exercise Procedure
- Automatic
Clearing Members shall provide exercise and abandon instructions to the Clearing Organization in accordance with the Clearing Organization rules
Exercise Time 5:30 pm EPT on the Last Trading Day - 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 | 7:50 AM - 6:00 AM* 07:50 - 06:00 | 7:40 AM 07:40 |
*Next Day
Sunday Pre-Open 5:40 PM ET; Closed on Saturday
Codes
- Clearing Admin Name
- O-REC-PA C1
- Physical
- PCT
- Logical
- PCT
- GMI (FC)
- ION A.C.N.
- Symbol Code
- PCT