- Trading Screen Product Name
- British Columbia LCFS Futures
- Trading Screen Hub Name
- BC LCFS
- Contract Symbol
BCF
- Contract Size
100 metric tons
- Unit of Trading
100 LCFS Credits (where 1 LCFS Credit is 1 metric ton)
- Currency
Canadian Dollars and cents
- Trading Price Quotation
$0.25 per LCFS Credit
- Minimum Price Fluctuation
The price quotation convention shall be twenty-five cents ($0.25)
per LCFS Credit; minimum price fluctuation may vary by trade type.
- Listing Cycle
Up to 72 consecutive months.
- Last Trading Day
Three US business days prior to the last US business day of the
delivery month.
- Exchange Delivery Settlement Price
In respect of final settlement, the price will be a price in
Canadian Dollars and cents per LCFS Credit based on the Daily
Settlement Price determined by the Exchange on the Last Trading
Day.
- Deliverable Instruments
The deliverable instruments are LCFS Credits equal to the contract
size delivered through the Transportation Fuels Reporting System
(TFRS) operated by the MEMLCI. LCFS Credits eligible for delivery
are those specified under the British Columbia Low Carbon Fuels
(General) Regulation, B.C. Reg. 282/2023.
- Delivery Period
Delivery shall commence no earlier than the first business day
after the Last Trading Day and shall terminate on the last US
business day of the delivery month.
- Registry
Transportation Fuels Reporting System (TFRS) operated by the
MEMLCI.
- MIC Code
- IFED
- Clearing Venues
- ICEU