European Union Allowance (EUA) Futures - Contract Specs
| Contract Unit | 1,000 environmental offsets |
|---|---|
| Price Quotation | Euros and cents per allowance |
| Trading Hours | CME Globex: Sunday - Friday 5:00 p.m. - 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 p.m. CT CME ClearPort: Sunday 5:00 p.m. - Friday 4:00 p.m. CT with no reporting Monday - Thursday from 4:00 p.m. - 5:00 p.m. CT |
| Minimum Price Fluctuation | 0.01 per environmental offset = €10 |
| Product Code | CME Globex: ECF CME ClearPort: ECF Clearing: ECF |
| Listed Contracts | Monthly contracts listed for 36 consecutive months and all Dec through and including December 2030 |
| Settlement Method | Deliverable |
| Termination of Trading | Trading terminates on the last Monday of the contract month. If the last Monday occurs on an exchange holiday or a UK holiday, or, if an exchange holiday or Union Registry holiday occurs on any of the 4 days following the last Monday of the contract month, trading terminates on the second last Monday of the contract month. If the second last Monday occurs on an exchange holiday or a UK holiday, or, if an exchange holiday or Union Registry holiday occurs on any of the 4 days following the second last Monday of the contract month, trading terminates on the third last Monday of the contract month. |
| Position Limits | |
| Exchange Rulebook | |
| Block Minimum | |
| Vendor Codes | |
| Delivery Procedure | Physical delivery via electronic transfer of EUAs within the Union Registry |
