| Climate Action Reserve (CAR) Futures - Non Vintage | |||||
|---|---|---|---|---|---|
| Product Symbol | CME Globex: CR CME ClearPort: CR |
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| Venue | CME Globex, CME ClearPort | ||||
| Hours (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 Unit | 1,000 Climate Reserve tonnes ("CRT"); each CRT is the equivalent to one metric tonne of verified greenhouse gas emission reductions. | ||||
| Price Quotation | US Dollars ($) and cents (¢) per CRT. | ||||
| Minimum Fluctuation | $0.01 per CRT (i.e. $10.00 per lot) | ||||
| Listed Contracts | Six (6) consecutive quarterly and seven (7) December contracts. | ||||
| Termination of Trading | The last business day of the contract month. | ||||
| Settlement Type | Physical | ||||
| Delivery | Physical delivery occurs through the Climate Action Reserve. For contracts without a specified vintage-year, CRTs acceptable for delivery are those having a vintage year 2009 or later. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Rulebook Chapter | 1261 | ||||
| Exchange Rule | These contracts are listed with, and subject to, the rules and regulations of NYMEX. | ||||