| Daily European Union Allowance (EUA) Futures | |||||
|---|---|---|---|---|---|
| Product Symbol | CME Globex: EUL CME ClearPort: EUL |
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| Venue | CME Globex, CME ClearPort | ||||
| Hours (All Times are New York Time/ET) |
CME Globex: | Sunday - Friday; Sunday, 17:00:00 CT to Friday, 17:00:00 UK Local Time (which corresponds to 11:00:00 CT time, suject to the execption noted below). Notes: Throughout the calendar year (during both Daylight Savings Time and Standard Time), 17:00:00 UK local time equates to 11:00:00 Chicago time, except during any period in which there is a discrepancy between the transition to (or from) DST in the U.S. and BST in the UK. |
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| CME ClearPort | Sunday - Friday; Sunday, 17:00:00 CT to Friday, 17:00:00 UK Local Time (which corresponds to 11:00:00 CT time, suject to the execption noted below). Notes: Throughout the calendar year (during both Daylight Savings Time and Standard Time), 17:00:00 UK local time equates to 11:00:00 Chicago time, except during any period in which there is a discrepancy between the transition to (or from) DST in the U.S. and BST in the UK. |
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| Contract Unit | 1,000 CO2 EU Allowances: each EU Allowance is an entitlement to emit one ton of carbon dioxide equivalent gas. | ||||
| Price Quotation | Euros (€) and cents (¢) per allowance | ||||
| Minimum Fluctuation | €0.01 per allowance (i.e. €10.00 per lot) | ||||
| Listed Contracts | One Daily EUA Futures contract with two consecutive delivery dates will be listed at any one time; one with the current trade date and a second one with the trade date of the next business day. | ||||
| Termination of Trading | 17:00:00 UK local time on the contract day. | ||||
| Settlement Type | Physical | ||||
| Delivery | Physical delivery occurs at the UK Emissions Trading Registry (UK Registry) two business days after the last trading day. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Rulebook Chapter | 1260 | ||||
| Exchange Rule | These contracts are listed with, and subject to, the rules and regulations of NYMEX. | ||||