- Trading Screen Product Name
- WCA ACP Current Futures
- Trading Screen Hub Name
- WCA
- Contract Symbol
WCP
- Settlement Method
1 WCP contract exercises into an eligible Washington Carbon
Allowances futures contract
- Contract Size
1 Washington Carbon Allowances futures contract
- Currency
USD
- Minimum Price Fluctuation
The price quotation convention shall be One cent ($0.01) per
Allowance; minimum price fluctuation may vary by trade type. Please
see Table in Resolution 1 to this Chapter 18.
- Listing Cycle
1. The Exchange may list monthly contracts in the Standard Cycle or
any other calendar month it determines for the current year and
forward for up to four years.
2. The Standard Cycle is: January, February, March, April, May,
June, July, August, September, October, November and December
- Last Trading Day
Trading shall cease at 3:00 p.m. (EPT) on the day on which the
Auction Summary Results Report (“Report”) for the
specified auction is scheduled to be released. In the event that no
Report is scheduled to be released, the Last Trading Day will be
determined by the Exchange in accordance with its Rules. In the
event that no Report is released due to cancellation of the
auction, or release of the Report is delayed beyond the extension
of trading permitted by the preceding sentence of this paragraph,
the Last Trading Day will be determined by the Exchange as follows:
(a) if notice of the auction cancellation or delay is issued by the
Washington Department of Ecology on or prior to the 15th day of a
calendar month, then trading shall cease at 3:00 p.m. (EPT) on the
last Business Day of such month and (b) if such notice is given by
the Washington Department of Ecology after the 15th calendar day of
a month, then trading shall cease at 3:00 p.m. (EPT) on the tenth
(10th) Business Day of the next calendar month.
- Deliverable Instruments
All parties with open positions at expiry will establish equivalent
long or short futures positions in the eligible WCA futures
contract on the Final Settlement Day. Unless otherwise determined
and announced by the exchange the eligible WCA futures contract is,
if the auction is held during the first 20 calendar days of a
month, the futures contract with a vintage equal to the current
calendar year and an expiry month following the month the auction
is held or, if the auction is held after the first 20 calendar days
of a month, the futures contract with a vintage equal to the
current calendar year and an expiry month two months following the
month the auction is held. Open positions in the eligible WCA
futures contract shall be priced at the respective Current Auction
Settlement Price as published by the Washington Department of
Ecology in the Report. In the event that an auction is cancelled,
or the release of the Report is delayed beyond the extension of
trading permitted by this Rule, or no Current Auction Settlement
Price is published in the Auction Summary Results Report, an
alternative settlement price that is equal to the higher of the
applicable Auction floor price published by the Washington
Department of Ecology, and the settlement price of the eligible WCA
futures contract on the Final Settlement Day, shall be determined
by the Exchange.
- Final Settlement
Final Settlement Day will be equal to the Last Trading Day.
- MIC Code
- IFED
- Clearing Venues
- ICEU