On January 25, 2011, the European Union (EU) Commission released a statement to update the marketplace with regard to the suspension of transfers at all European Emissions Trading Scheme Registries, including the UK Greenhouse Gas Emissions Trading Scheme Registry, which was declared by the EU Commission on January 19, 2011, and which directly impacted Green Exchange’s Daily European Union Allowance (EUA) Futures (code EUL) contract.
As relevant authorities have not yet provided CME Group or the Green Exchange with a comprehensive list of affected allowances, CME Group and the Green Exchange have determined to continue to halt the listing of new contract days with respect to the Green Exchange’s Daily European Allowance (EUA) Futures (code EUL) contract until further notice, regardless of whether the suspension of the delivery transfers is lifted at the UK Greenhouse Gas Emissions Trading Scheme Registry. Additionally, any lifting or modification to the Force Majeure event declared by NYMEX will be communicated via separate CME Clearing notice and will specify appropriate details as to necessary procedures in such notice.
These actions do not affect trading or clearing in any other futures or option contracts listed on the Green Exchange.
Please refer questions on this subject to:
Clearing House/Risk Management:
Energy Research & Product Development:
For the pdf of this advisory, please click here.