Section 1 - ECX CFI futures Contracts: Contract Specifications What's the connection between ECX and ICE Futures? What contracts are offered? Are ECX contracts based on any of the industry standard Master Agreements (ISDA, IETA or EFET)? How do ECX/ ICE Futures deliver the EUAs / CERs? What are the trading hours? What are the holiday market closure dates? How is the daily settlement price calculated?
Section 2 - Accessing the market Does ICE Futures Europe have an IT interface to third parties? Can I join ICE Futures Europe if I only want to trade emissions? I'm not an existing Member of ICE Futures Europe and I only want to trade ECX Contracts - what fees do I have to pay?
Section 3 - Delivery mechanism When do the ECX Futures Contracts expire? When do I have to pay and when do I receive my allowances? When do the ECX Options Contracts expire? What happens if a company doesn’t deliver its EUAs or CERs? What happens if a company can’t afford to pay for the EUAs or CERs it has agreed to buy? Why is the Excess Emissions Penalty (EEP) excluded from the ICE Futures futures contract? Does VAT apply?
