CER Futures- Delivery & Settlement

In order to manage the delivery and settlement of CER Futures, the Exchange uses, as far as possible, the same process as currently used for EUA Futures. Under this approach in advance of the expiry date, the clearing house will nominate one Registry Account through which it will accept delivery from the Seller's Clearing Member and then deliver on to the Buyer's Clearing Member.

Rule II.1(c) of the Regulations states that ”the Exchange shall, from time to time, determine the Registries to and from which delivery may be made under a CER Contract”. As all 27 EU Member States’ Registries currently meet the eligibility criteria as set out in Article 17 of the Kyoto Protocol and have implemented the Linking Directive in an appropriate manner including establishing the link to the ITL Registry, ECX and ICE allow delivery to and from all 27 EU registries, as announced in the following Circular. https://www.theice.com/publicdocs/circulars/08114.pdf  

Click here to find out what types of CERs are eligible for delivery on the Exchange.

ICE ECX CER Futures Contract Explanatory Memorandum

1. Click here to download

1. Click here to download