Biofuel Outright - New Mexico Clean Transportation Fuel Program (OPIS) Future

ICE Futures U.S.

A monthly cash settled future based on the OPIS daily assessment price for New Mexico Clean Transportation Fuel Program (CTFP) Credits.

Trading Screen Product Name: Biofuel Futures
Trading Screen Hub Name: NMCT Fuel (OPIS)
Contract Symbol: NMF
Contract Size: 100 metric tons (where 1 CTFP Credit is 1 MT)
Unit of Trading: Any multiple of 100 metric tons
Currency: US Dollars and cents
Trading Price Quotation: Twenty-five cents ($0.25) per metric ton.
Settlement Price Quotation: One cent ($0.01) per metric ton
Minimum Price Fluctuation: Twenty-five cents ($0.25) per metric ton
Last Trading Day: Last Trading Day of the contract month
Floating Price: In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.
Final Settlement: In respect of final settlement, the Floating Price will be a price in USD and cents per CTFP credit based on the average of the “Average” quotations appearing in the “OPIS Biofuels Daily Report” under the heading “Low Carbon Fuels Standards” subheading “New Mexico Clean Transportation Fuel Program” for “CTFP Credit” for each business day (as specified below) in the determination period.
Contract Series: Up to 72 consecutive months, or as otherwise determined by the Exchange
Final Payment Date: Two Clearing House Business Days following the Last Trading Day
Business Days: Publication days for OPIS Biofuels Daily Report
MIC Code: IFED
Clearing Venues: ICEU

*Next Day

Sunday Pre-Open 5:40 PM ET; Closed on Saturday

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