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Climate Action Registry (CAR) - non Vintage Options Contract Specs

Product Symbol Climate Action Reserve (CAR) Futures - Non Vintage (CR)
Product Symbol CME Globex: CO
CME ClearPort: CO
Venue CME Globex, CME ClearPort
(All Times are New York Time/ET)
CME Globex: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)
CME ClearPort Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)
Contract Size 1,000 Climate Reserve Tonnes (CRT)
Price Quotation US Dollars ($) and cents (¢) per (CRT).
Minimum Fluctuation $0.01 per CRT (i.e. $10.00 per lot)
Termination of Trading Will expire at the close of trading three (3) business days prior to the termination of the underlying Climate Action Reserve futures contract.
Listed Contracts CME Globex: 6 Quarterly months
CME ClearPort and Open Outcry: 6 Quarterly months
Settlement Type Climate Action Reserve Options Contracts will be exercised into Climate Action Reserve Non-Vintage Futures Contracts and are of European-style exercise, such that at expiry, automatic exercise will occur of options which are one or more ticks in-the-money. (At-the-money options will lapse)
Position Limits NYMEX Position Limits
Rulebook Chapter 1262
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.

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