- Trading Screen Product Name
- Biofuel Futures
- Trading Screen Hub Name
- BC LCFS (OPIS) 1L
- Contract Symbol
BCS
- Contract Size
100 metric tons
- Unit of Trading
Any multiple of 100 metric tons
- Currency
Canadian Dollars and cents
- Trading Price Quotation
The price quotation convention shall be twenty-five cents (C$0.25)
per metric ton. One LCFS Credit is equal to one metric ton.
- Settlement Price Quotation
One cent (C$0.01) per metric ton
- Minimum Price Fluctuation
One cent (C$0.01) per metric ton
- Last Trading Day
Last Trading Day of the contract month
- Floating Price
In respect of daily settlement, the Floating Price will be
determined by ICE using price data from a number of sources
including spot, forward and derivative markets for both physical
and financial products.
- Final Settlement
In respect of the final settlement, the Floating Price will be a
price in CAD and cents per LCFS Credit based on the average of the
“Average” quotations appearing in the “OPIS
Biofuels Daily Report” under the heading “Low Carbon
Fuel Standards” subheading “British Columbia Low Carbon
Fuel Standards” and “British Columbia LCFS
Credit” (Unit: C$/mt) for each business day (as specified
below) in the determination period.
- Contract Series
Up to 72 consecutive months, or as otherwise determined by the
Exchange
- Final Payment Date
Two Clearing House Business Days following the Last Trading Day
- Business Days
OPIS Carbon Market Report Business Days
- MIC Code
- IFED
- Clearing Venues
- ICEU