California Low Carbon Fuel Standard (OPIS) Futures - Contract Specs
| Contract Unit | 100 Environment Credits |
|---|---|
| Price Quotation | U.S. dollars and cents per LCFS credit |
| Trading Hours | CME Globex: Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET) 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 | Outright: $0.25 per Environmental Credit |
| Product Code | CME Globex: LCS CME ClearPort: LCS Clearing: LCS |
| Listed Contracts | Monthly contracts listed for the current year, the next calendar year and 2 additional Dec contract months. List monthly contracts for a new calendar year and an additional Dec contract month following the termination of trading in the Dec contract month of the current year. |
| Settlement Method | Financially Settled |
| Floating Price | The Floating Price for each contract month is equal to the arithmetic average of the high and low quotations from OPIS for California Low Carbon Fuels Standard for each business day that it is determined during the contract month. |
| Termination of Trading | Trading terminates on the last business day of the contract month. |
| Position Limits | |
| Exchange Rulebook | |
| Block Minimum | |
| Vendor Codes |
