| European Union Aviation Allowance (EUAA) Futures | |||||
|---|---|---|---|---|---|
| Product Symbol | CME Globex: FLY CME ClearPort: FLY |
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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 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 | December 2012; March 2013; June 2013; September 2013; December 2013; December 2014; December 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 | 1257 | ||||
| Exchange Rule | These contracts are listed with, and subject to, the rules and regulations of NYMEX. | ||||