EUA Options - Delivery & Settlement

Exercise

The ICE ECX Options for the expiring month ceases trading at 16:15 hours UK local time on the third Business Day before the expiry day of the relevant ICE ECX Futures contract month.  Click here for the expiry schedule of EUA options.

A Member may not give instructions to the Clearing House to exercise an option, neither may a Member give instructions to the Clearing House not to exercise an option.  An option may not be abandoned by the Buyer otherwise than by allowing it to expire.  Please click here to read full EUA Options Contract Rules & Procedures.

After the cessation of trading on the expiry date in options of that kind, all options of the relevant Contract that are in-the-money options with reference to that day’s official settlement price for the relevant futures business will be automatically exercised. All options of the relevant Contract that are at-the-money options or out-of-the-money options with reference to that day’s official settlement price for the relevant futures business will automatically expire.

Delivery

The exercise of an ECX EUA option will give rise to a December month contract ICE Futures ECX EUA Futures Contract between Buyer and Seller, in the corresponding year, at the strike price of the option.  No ICE Clear Europe registration fee is charged on the futures contract resulting from the exercise of an options or physical delivery of the futures.