| Emission Reduction Unit (ERU) Futures | |||||
|---|---|---|---|---|---|
| Product Symbol | CME Globex: REU CME ClearPort: REU |
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| Venue | CME Globex, CME ClearPort | ||||
| Hours (All Times are New York Time/ET) |
CME Globex: | Sunday - Friday 6:00 PM - 5:15 PM New York Time/ET (5:00 PM - 4:15 PM Chicago Time/CT) with a 45-minute break each day beginning at 5:15 PM New York Time/ET (4:15 PM Chicago Time/CT). On the last trading day, the Emission Reduction Unit (ERU) Futures stops trading at 5 p.m. UK time (11 a.m. CT). | |||
| CME ClearPort | Sunday - Friday 6:00 PM - 5:15 PM New York Time/ET (5:00 PM - 4:15 PM Chicago Time/CT) with a 45-minute break each day beginning at 5:15 PM New York Time/ET (4:15 PM Chicago Time/CT). On the last trading day, the Emission Reduction Unit (ERU) Futures stops trading at 5 p.m. UK time (11 a.m. CT). | ||||
| Contract Size and Unit | 1,000 Emission Unit ERU): each ERU 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 | First three consecutive contracts months plus eight quarterly contracts on a rolling basis through March 2015. | ||||
| Termination of Trading | Last Monday of the delivery month. If the last Monday of the delivery month occurs on a UK Bank Holiday or, if a UK Bank Holiday occurs on any of the four (4) days following the last Monday of the delivery month, trading shall cease on the penultimate Monday of the delivery month. If the penultimate Monday of the delivery month occurs on a UK Bank Holiday or, if a UK Bank Holiday occurs on any of the four (4) days following the penultimate Monday of the delivery month, trading shall cease on the antepenultimate Monday of the delivery month. | ||||
| 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 | 1258 | ||||
| Exchange Rule | These contracts are listed with, and subject to, the rules and regulations of NYMEX. | ||||