Product Overview

 

EUA

EUAA

 CER

Spot market

x

x

x

Futures market

x

x

x

Options market

x

Spread products

x

 x

x

OTC Trade registration

x

 x

x

Full Forward Curve and Related Spread Matrix

Full forward curve

Spot

t+1/t+2 delivery (DVP)

Monthly Futures

Front-month plus the next 2 months*

Quarterly Futures

Three years of quarterly futures

Yearly Futures

The current and the next 8 Decembers

Options

The current and following 8 December maturities

*According to rolling cycles

 

Full spread matrix

 

EUA

CER

EUAA

EUA / CER

EUA / EUAA

Spot / Month

x

 

 

 

 

Spot / Quarter

x

 

 

 

 

Spot / Year

x

x

x

 

 

Inter-Months

x

 

 

 

 

Inter-Quarters

x

 

 

 

 

Inter-Years

x

x

x

 

 

Inter-Product (Spot)

 

 

 

x

x

Inter-Product (Jahre)

 

 

 

x

x

Market Data

> EUA

> EUAA

> CER

Specifications

EUA Spot Product

Contracts

EUA Spot (Daily Expiry)

Underlying

EU Allowances (EUA), which permit the emission of one tonne of carbon dioxide equivalent (directive 2003/87/EC)

Contract volume

1,000 EUA (1 lot)

Minimum lot size

1 lot

Minimum tick

€ 0.01 per EUA

Minimum price flux

€ 10.00 per lot (€ 0.01 per EUA)

Form of trading

Continuous trading

Fulfilment date

First ECC business day after the conclusion of the contract for trades concluded before 4:00 p.m. CET. Trades after 04:00 p.m. are settled on the day after the first business day.

Transfer of EUAs

Participants are entitled to transfer EUAs held in escrow for them to a registry account specified by them. The transfer is executed at the latest on the first subsequent ECC business day.

Sale of EUAs

Sales need to be backed by a sufficient stock of EUAs in the internal delivery account at ECC. EUAs have to be transferred to the internal delivery account at ECC beforehand (EU-100-5016813-0-69).

EUA Futures Product

ContractsEUA Future (Monthly, Quarterly and Yearly Expiries)

Underlying

EU Allowances (EUA) permitting the emission of one tonne of carbon dioxide equivalent (directive 2003/87/EC

Delivery periods

  • Monthly futures: The current and the next 2 months unless December or Quarter Future expires at the respective maturity date
  • Quarterly futures: The current and the next 11 quarters unless December future expires at the respective maturity date
  • Yearly futures: December maturities for the current and the next 8 years

Contract volume

1,000 EUA (1 lot)

Minimum tick

€ 0.01 per EUA

Minium price flux

€ 10.00 per lot (€ 0.01 per EUA)

Last trading day

Last Monday of the contract month. In case the last Monday is not an ECC business day (incl. UK Bank Holidays) or one of the 4 days following the last Monday is a Non ECC business day, the last day of trading is the Monday before the last Monday of the contract month.

Delivery

The second ECC business day after the last trading day

Transfer of EUAs

Participants are entitled to transfer EUAs held in escrow for them to a registry account specified by them. The transfer is executed, at the latest, on the first subsequent ECC business day.

Contract Dates

> A comprehensive list of expiry and delivery dates is available at ECC Contract Details.

Please note that this document is for information purposes only and is not legally binding. The Contract Specifications available on EEX’s Website at Trading > Rules & Regulations alone are legally binding.