UKA Futures80216150
ICE Futures Europe
UKA Futures
Description
The UKA Futures Contract is a deliverable contract where each Clearing Member with a position open at cessation of trading for a contract month is obliged to make or take delivery of UK Allowances (UKAs) to or from the UK Emissions Trading Registry in accordance with the ICE Futures Europe Regulations.
Market Specifications
- Trading Screen Product Name
- UKA Futures
- Trading Screen Hub Name
- UKA
- Contract Symbol
- UKA
- Contract Size
- 1000 Allowances
- Unit of Trading
- One lot of 1,000 UK Allowances (UKA). Each UKA being an entitlement to emit one tonne of carbon dioxide equivalent gas, as further defined in the ICE Futures Europe Regulations.
- Minimum Trading Size
- 1 lot
- Quotation
- The contract price is in Pound Sterling and pence per metric tonne
- Tick Size
- GBP 0.01 per tonne (i.e. £10.00 per lot).
- Minimum Price Fluctuation
- GBP 0.01
- Maximum Price Fluctuation
- There are no limits.
- Contract Series
- Up to 3 December, up to 3 March and up to 3 monthly contracts or as otherwise determined and announced by the Exchange from time to time. Contracts will not be listed beyond 2030.
- Expiration Date
- Last Monday of the contract month. However, if the last Monday is a Non-Business Day or there is a Non-Business Day in the 4 days following the last Monday, the last day of trading will be the penultimate Monday of the delivery month
- Settlement Price
- Trade weighted average during the daily settlement period (16:05 – 16:15 UK Local Time) with Quoted Settlement Prices if low liquidity. The settlement price will become the Exchange Delivery Settlement Price (EDSP).
- Settlement
- The contracts are physically settled and delivered by the transfer of the UKAs from the seller's account to the buyer's account at the UK Emissions Trading Registry. All transfers always pass through your clearing member's account and ICE Clear Europe. Delivery takes place 3 days after the last trading day.
- Clearing
- ICE Clear Europe acts as central counterparty to all trades and guarantees the financial performance of the ICE Futures contracts registered in the name of its Members
- Margin
- Initial and variation margin are charged in the usual manner by ICE Clear Europe
- Business Days
- ICE Business Days
- MIC Code
- IFEU
- Clearing Venues
- ICEU
Related Products
Trading Hours
| City | Trading | Pre-Open |
|---|---|---|
| NEW YORK | 2:00 AM - 12:00 PM 02:00 - 12:00 | 1:45 AM 01:45 |
| LONDON | 7:00 AM - 5:00 PM 07:00 - 17:00 | 6:45 AM 06:45 |
| SINGAPORE | 2:00 PM - 12:00 AM* 14:00 - 00:00 | 1:45 PM 13:45 |
Codes
- Clearing Admin Name
- UKA
- Physical
- UKA
- Logical
- UKA
- GMI (FC)
- ION A.C.N.
- Symbol Code
- UKA