EUA & CER Daily Futures (Spot)

Click here for Daily Futures historical price & volume data

What are EUA & CER Daily Futures (Spot)?

EUA or CER Daily Futures contracts (Spot), or simply EUA or CER Daily Futures, are exchange-traded cash contracts. Daily Futures Contracts will be physically delivered by the transfer of EU Allowances (EUAs) or Certified Emissions Reduction units (CERs) from the Seller to the Buyer.

The newly launched (13 March 2009) EUA and CER Daily Futures contracts provide additional flexibility for companies active in carbon markets to manage risk and monetise their allowances.  In contrast to the traditional EUA Futures contract and the CER Futures contract,  the EUA and the CER Daily Futures offer next-day payment and delivery of the underlying units of trade (EUA or CER). 

The contracts will trade on the WebICE screen, next to the established EUA & CER Futures contracts, expiring at 5pm on the day they are listed, with settlement taking place the day after.

How can I access Daily Futures Contracts?  Click here to find out

Click here to check CERs that are eligible / ineligible for delivery on ECX.

Click here for a list of ECX contract codes on different authorised data vendors.

Click here for Daily Futures contracts Rules & Procedures.


Key Features:

- Same trading platform as existing ECX contracts (ICE Futures Europe)

- Low transaction fees

- Flexibility: Next-day payment and delivery

- No pre-lodging of cash or allowances required

- Intra-day netting of positions to keep costs and admin down



FAQs

Q: When do I receive my allowances?
A: If both allowances and cash have been received by 9am on T+1, the Clearing house can pass EUAs/CERs to the Buyer’s Clearing Member. At the very latest, Buyer’s Clearing Member will receive the allowances by 9am on T+2.

Q: When do I pay for my allowances?
A: Buyer’s Clearing Member pays the full contract value at 9am on T+1.

Q: Do I have to pay margin?
A: Seller pays a one-day margin call (Seller’s Security) on 9am on T+1. The Seller’s Security is returned, provided there has been a good delivery, by 9am on T+2.

Q: Do I have guaranteed delivery?
A: Yes. Payment and delivery is made through your Clearing Member, who will be your counter party to all trades. There are provisions for Late and Failed Delivery in the Rules.


Spot Brochure - click here to download