55 East 52nd Street

New York, New York 10055

BY ELECTRONIC TRANSMISSION

Submission No. 23-52

April 25, 2023

Mr. Christopher J. Kirkpatrick

Secretary of the Commission

Office of the Secretariat

Commodity Futures Trading Commission

Three Lafayette Centre

1155 21st Street, NW

Washington, DC 20581

Re: Weekly Notification of Rule Amendments

Submission Pursuant to Section 5c(c)(1) of the Act and Regulation 40.6 (d) 

Dear Mr. Kirkpatrick:

Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, as amended, and Commission 

Regulation 40.6(d), ICE Futures U.S., Inc. (“Exchange”) submits notification to the Commission that, 

during the preceding week, the Exchange removed references to previously delisted Exchange contracts 

from Subchapters D and E to Chapter 18 of the Exchange Rulebook. Corresponding amendments were 

made to remove such contracts from the Exchange Block Trade FAQ, Resolution No. 1 to Chapter 18, and 

Resolution No. 2 to Chapter 18. The amendments to the Rulebook are provided as Exhibit A.

If you have any questions or need further information, please contact me at 312-836-6745 or at 

patrick.swartzer@theice.com. 

Sincerely,

Patrick Swartzer

Director

Market Regulation

Enc.

cc: Division of Market Oversight

New York Regional Office
Exhibit A

(In the text of the amendments below, additions are shown underscored 

and deletions are bracketed and lined through.)

18.D.024 California Carbon Allowance Specific Vintage Future

Contract Description: Physically delivered greenhouse gas emissions allowances where each is an 

allowance issued by the California Air Resources Board or a linked program (“California Carbon 

Allowance”) representing one metric ton of CO2 equivalent under California Assembly Bill 32 

"California Global Warming Solutions Act of 2006" and its associated regulations, rules and 

amendments, all together known as the "California Cap and Trade Program".

Contract Symbol: [CA9: CCAS Vintage 2019,] CC0: CCAS Vintage 2020, CCI: Vintage 2021, CC2: 

Vintage 2022, CC3: Vintage 2023, CC4 : Vintage 2024, CCT: Vintage 2025; CCU: Vintage 2026

Settlement Method: Physical delivery

Contract Size: 1,000 California Carbon Allowances

Currency: USD

Minimum Price Fluctuation: The price quotation convention shall be One cent ($0.01) per California 

Carbon Allowance; minimum price fluctuation may vary by trade type. Please see Table in Resolution 1 

to this Chapter 18.

Listing Cycle: 1. The Exchange may list monthly contracts in the Standard Cycle or any other calendar 

month it determines for the current year and forward for up to ten years.

2. The Standard Cycle is: January, February, March, April, May, June, July, August, 

September, October, November and December 

Last Trading Day: Three Business Days prior to the last Business Day of the delivery month. The last 

weekday of December is not considered a Business Day, unless otherwise determined and announced by 

the Exchange.

Deliverable Instruments: The deliverable instruments are California Carbon Allowances equal to the 

contract size delivered through the California MTS. 

California Carbon Allowances acceptable for delivery are those issued as a limited authorization to emit 

up to one metric ton of CO2 or CO2 equivalent in the California Cap and Trade Program having a vintage 

corresponding to the specified vintage year only.

Registry: California MTS

MIC CODE: IFED

CLEARING VENUE: ICEU
18.D.001 California Carbon Allowance Future

Contract Description: Physically delivered greenhouse gas emissions allowances where each is an 

allowance issued by the California Air Resources Board or a linked program (“California Carbon 

Allowance”) representing one metric ton of CO2 equivalent under California Assembly Bill 32 

"California Global Warming Solutions Act of 2006" and its associated regulations, rules and 

amendments, all together known as the "California Cap and Trade Program". 

Contract Symbol: [Vintage 2016: CAO; ]Vintage 2017: CAP; Vintage 2018: CAW

Settlement Method: Physical delivery

Contract Size: 1,000 California Carbon Allowances

Currency: USD

Minimum Price Fluctuation: The price quotation convention shall be One cent ($0.01) per California 

Carbon Allowance; minimum price fluctuation may vary by trade type. Please see Table in Resolution 1 

to this Chapter 18.

Listing Cycle: 

1. The Exchange may list monthly contracts in the Standard Cycle or any other calendar month 

it determines for the current year and forward for up to ten years.

2. The Standard Cycle is: January, February, March, April, May, June, July, August, 

September, October, November and December 

Last Trading Day: Three Business Days prior to the last Business Day of the delivery month. The last 

weekday of December is not considered a Business Day, unless otherwise determined and announced by 

the Exchange.

Deliverable Instruments: The deliverable instruments are California Carbon Allowances equal to the 

contract size delivered through the California MTS.

California Carbon Allowances acceptable for delivery are those issued as a limited authorization to emit 

up to one metric ton of CO2 or CO2 equivalent in the California Cap and Trade Program having a vintage 

corresponding to the specified vintage year and allowances having a vintage of any year prior to the 

specified vintage-year. 

If the specified vintage year allowances do not exist in the California MTS at contract expiry, allowances 

of any prior vintage year or allowances of the earliest vintage year available in the California MTS shall 

be delivered. 

If the California MTS is not operational and capable of transferring allowances at the expiration of 

contracts in 2012, all open positions in the expiring contract will roll forward one (1) calendar year based 

on a value determined by multiplying the final settlement price of the expired contract times the sum of 
one (1) plus the interest rate on 12-month U.S. Treasury notes that is prevailing at the time of contract 

expiration. 

If the California MTS is not operational and capable of transferring allowances at the expiration of 

contracts in 2013 and later, all open positions in the expiring contract will settle at the Auction Reserve 

Price (ARP) as defined in the California Cap and Trade Program. Where the ARP is not defined within 

the California Cap and Trade Program, for 2013 the ARP shall be $10 per allowance. For expiries beyond 

2013, the ARP will increase by 5% per year plus the rate of inflation as measured by the Consumer Price 

Index for All Urban Consumers published by the U.S. Bureau of Labor Statistics.

Registry: California MTS
18.D.022 California Carbon Allowance Future - Vintage 2019 and After

Contract Description: Physically delivered greenhouse gas emissions allowances where each is an 

allowance issued by the California Air Resources Board or a linked program (“California Carbon 

Allowance”) representing one metric ton of CO2 equivalent under California Assembly Bill 32 

"California Global Warming Solutions Act of 2006" and its associated regulations, rules and 

amendments, all together known as the "California Cap and Trade Program". 

Contract Symbol: [CAX: Vintage 2019,] CAY Vintage 2020, CAZ: Vintage 2021, CB0: Vintage 2022, 

CBl : Vintage 2023, CB4 : Vintage 2024, CB5: Vintage 2025; CB6: Vintage 2026

Settlement Method: Physical delivery

Contract Size: 1,000 California Carbon Allowances

Currency: USD

Minimum Price Fluctuation: The price quotation convention shall be One cent ($0.01) per Allowance; 

minimum price fluctuation may vary by trade type. Please see Table in Resolution 1 to this Chapter 18.

Listing Cycle: 1. The Exchange may list monthly contracts in the Standard Cycle or any other calendar 

month it determines for the current year and forward for up to ten years.

2. The Standard Cycle is: January, February, March, April, May, June, July, August, 

September, October, November and December 

Last Trading Day: Three Business Days prior to the last Business Day of the delivery month. The last 

weekday of December is not considered a Business Day, unless otherwise determined and announced by 

the Exchange.

Deliverable Instruments: The deliverable instruments are California Carbon Allowances equal to the 

contract size delivered through the California MTS.

California Carbon Allowances acceptable for delivery are those issued as a limited authorization to emit 

up to one metric ton of CO2 or CO2 equivalent in the California Cap and Trade Program having a vintage 

corresponding to the specified vintage year and allowances having a vintage of any year prior to the 

specified vintage-year.

If the specified vintage year allowances do not exist in the California MTS at contract expiry, allowances 

of any prior vintage year or allowances of the earliest vintage year available in the California MTS shall 

be delivered. 

Registry: California MTS

MIC CODE: IFED

CLEARING VENUE: ICEU
[18.D.053 Maryland Solar Renewable Energy Credit Prior Year Future

Contract Description: Physically delivered Maryland Solar Renewable Energy Credit (“Maryland 

SREC”) where a Maryland SREC is an electronic certificate issued by PJM GATS for qualifying 

generation.

Contract Symbol: MSP

Settlement Method: Physical delivery

Contract Size: 10 MWh representing 10 qualifying SRECs

Currency: USD

Minimum Price Fluctuation: The price quotation convention shall be One cent ($0.01) per MWh; 

minimum price fluctuation may vary by trade type. Please see Table in Resolution 1 to this Chapter 18.

Listing Cycle: 1. The Exchange may list monthly contracts in the Standard Cycle or any other calendar 

month it determines for the current year and forward for up to ten years. 

2. The Standard Cycle is: January, February, March, April, May, June, July, August, 

September, October, November and December

Last Trading Day: Three Business Days prior to the last Business Day of the delivery month. The last 

weekday of December is not considered a Business Day, unless otherwise determined and announced by 

the Exchange.

Deliverable Instruments: Maryland SRECs eligible for delivery are those representing solar 

photovoltaic sources eligible to meet the Solar Carve Out requirement of the Maryland Renewable Energy 

Portfolio Standard promulgated under 7-701 of the Public Utilities Article of the Annotated Code of 

Maryland and issued by PJM GATS having a vintage year designation that corresponds to the specified 

vintage of the expiring contract.

Registry: PJM GATS

MIC Code: IFED

Clearing Venues: ICEU]
[18.D.054 New Jersey Compliance Renewable Energy Certificate Class I Prior Year Future

Contract Description: Physically delivered New Jersey Class I Renewable Energy Certificates (“New 

Jersey Class I REC”) where a New Jersey Class I REC is an electronic certificate issued by the PJM 

Environmental Information System Generation Attribute Tracking System ("PJM GATS") for qualifying 

generation.

Contract Symbol: NJP

Settlement Method: Physical delivery

Contract Size: 100 MWh representing 100 Class 1 RECs

Currency: USD

Minimum Price Fluctuation: The price quotation convention shall be One cent ($0.01) per MWh; 

minimum price fluctuation may vary by trade type. Please see Table in Resolution 1 to this Chapter 18.

Listing Cycle: 1. The Exchange may list monthly contracts in the Standard Cycle or any other calendar 

month it determines for the current year and forward for up to ten years. 

2. The Standard Cycle is: January, February, March, April, May, June, July, August, 

September, October, November and December

Last Trading Day: Three Business Days prior to the last Business Day of the delivery month. The last 

weekday of December is not considered a Business Day, unless otherwise determined and announced by 

the Exchange.

Deliverable Instruments: New Jersey Class I RECs eligible for delivery are those which are eligible to 

meet the Class I Renewable Energy minimum requirements specified in N.J.A.C. 14:8-2-3 under the New 

Jersey Renewable Energy Portfolio Standard promulgated under N.J.A.C. 14:8 verified and qualified by 

the NJ Board of Public Utilities having a vintage year designation that corresponds to the specified 

vintage of the expiring contract.

Registry: PJM GATS

MIC Code: IFED

Clearing Venues: ICEU]
[18.D.056 Pennsylvania Solar Alternative Energy Credit Prior Year Future

Contract Description: Physically delivered Pennsylvania Solar Alternative Energy Credit 

(“Pennsylvania SREC”) where a Pennsylvania SREC is an electronic certificate issued by PJM GATS for 

qualifying generation.

Contract Symbol: PSP

Settlement Method: Physical delivery

Contract Size: 10MWh representing 10 qualifying SRECs

Currency: USD

Minimum Price Fluctuation: The price quotation convention shall be One cent ($0.01) per MWh; 

minimum price fluctuation may vary by trade type. Please see Table in Resolution 1 to this Chapter 18.

Listing Cycle: 1. The Exchange may list monthly contracts in the Standard Cycle or any other calendar 

month it determines for the current year and forward for up to ten years. 

2. The Standard Cycle is: January, February, March, April, May, June, July, August, 

September, October, November and December

Last Trading Day: Three Business Days prior to the last Business Day of the delivery month. The last 

weekday of December is not considered a Business Day, unless otherwise determined and announced by 

the Exchange.

Deliverable Instruments: Pennsylvania SREC eligible for delivery are those representing solar 

photovoltaic sources eligible to meet the Tier I Alternative Energy Credit requirement of the Alternative 

Energy Portfolio Standard promulgated under Pennsylvania 2004 Act 213 P.L. 1672 No. 213 and issued 

by PJM GATS having a vintage year designation that corresponds to the specified vintage of the expiring 

contract.

Registry: PJM GATS

MIC Code: IFED

Clearing Venues: ICEU]
18.D.011 Regional Greenhouse Gas Initiative Future

Contract Description: Monthly physically delivered contract on Regional Greenhouse Gas Initiative 

("RGGI") CO2 allowances ("RGGI CO2 Allowances"). 

Contract Symbol: [Vintage 2016: RGO, Vintage 2017: RGP,] Vintage 2018: RGQ, Vintage 2019: 

RGR, Vintage 2020: RGS, Vintage 2021: RGT, Vintage 2022: RGU, Vintage 

2023 : RJ3

Settlement Method: Physical delivery

Contract Size: 1,000 RGGI CO2 Allowances 

Currency: USD 

Minimum Price Fluctuation: The price quotation convention shall be One cent ($0.01) per RGGI CO2

Allowance; minimum price fluctuation may vary by trade type. Please see Table in Resolution 1 to this 

Chapter 18.

Listing Cycle: 1. The Exchange may list monthly contracts in the Standard Cycle or any other calendar 

month it determines for the current year and forward for up to ten years.

2. The Standard Cycle is: January, February, March, April, May, June, July, August, 

September, October, November and December 

Last Trading Day: Three Business Days prior to the last Business Day of the delivery month. The last 

weekday of December is not considered a Business Day, unless otherwise determined and announced by 

the Exchange.

Deliverable Instruments: The deliverable instruments are RGGI CO2 Allowances equal to the contract 

size delivered through the RGGI CO2 Allowance Tracking System (“RGGI-COATS”). 

1. Contracts with a control period specific vintage: RGGI CO2 Allowances acceptable for 

delivery are those having a vintage usable for compliance in the control period associated 

with the calendar year of the contract expiration or RGGI CO2 Allowances having a 

vintage usable for compliance in any prior control period.

2. For vintages 2009, 2010, 2011, and 2012: RGGI CO2 Allowances acceptable for 

delivery are RGGI CO2 Allowances having a vintage corresponding to the specified

vintage-year.

For Vintage 2013 and later vintages, RGGI C02 Allowances acceptable for delivery are 

RGGI C02 Allowances having a vintage corresponding to the specified vintage-year and 

allowances having a vintage of any year prior to the specified vintage-year.

Registry: RGGI-COATS

MIC CODE: IFED
CLEARING VENUE: ICEU
[18.E.090 Two Year Mid-Curve Option on PJM Tri Qualified Renewable Energy Certificates Class 

I Future

Contract Description: The Options Contract is an option on the PJM Tri-Qualified Renewable Energy 

Certificate Class I Futures Contract. At expiry, one lot of Options will exercise into one lot of Futures 

with a strip that is 2 year later.

Contract Symbol: PPT

Settlement Method: Exercise into Underlying Futures Contract

Contract Size: 1 PJM Tri qualified renewable energy credit contract

Currency: USD

Minimum Price Fluctuation: The price quotation convention shall be One cent ($0.01) per MWh; 

minimum price fluctuation may vary by trade type. Please see Table in Resolution 1 to this Chapter 18.

Listing Cycle: 1. The Exchange may list monthly contracts in the Standard Cycle or any other calendar 

month it determines for the current year and forward for up to ten years.

2. The Standard Cycle is: January, February, March, April, May, June, July, August, 

September, October, November and December

Strike Price Intervals: A minimum of ten Strike Prices in increments of $0.05 above and below the atthe-money Strike Price. Strike Price boundaries are adjusted according to futures price movements. Userdefined Strike Prices are allowed in $0.05 increments.

Last Trading Day: At 4:00 pm EPT on the 15th calendar day of the delivery month. Where the 15th 

calendar day is not a Business Day, the Last Trading Day shall be the first Business Day following the 

15th calendar day of the delivery month.

Option Style: European

Exercise Method: Automatic

Exercise procedure: Clearing Members shall provide exercise and abandon instructions to the Clearing 

Organization in accordance with the Clearing Organization rules

Exercise time: 5:30 pm EPT on the Last Trading Day]
Rule 18.E.047 Option on Regional Greenhouse Gas Initiative Future

Contract Description: An Option on the corresponding month of the Regional Greenhouse Gas Initiative 

Future.

Contract Symbol: [Vintage 2018: RGQ, Vintage 2019: RGR, ]Vintage 2020: RGS, Vintage 2021: 

RGT, RGU Vintage 2022, Vintage 2023: RJ3

Settlement Method: Exercise into Underlying Futures Contract

Contract Size: 1 Regional Greenhouse Gas Initiative Futures Contract

Currency: USD

Minimum Price Fluctuation: The price quotation convention shall be One cent ($0.01) per RGGI 

allowance; minimum price fluctuation may vary by trade type. Please see Table in Resolution 1 to this 

Chapter 18.

Listing Cycle: 1. The Exchange may list monthly contracts in the Standard Cycle or any other calendar 

month it determines for the current year and forward for up to ten years.

2. The Standard Cycle is: January, February, March, April, May, June, July, August, 

September, October, November and December 

Strike Price Intervals: A minimum of ten Strike Prices in increments of $0.05 above and below the atthe-money Strike Price. Strike Price boundaries are adjusted according to futures price movements. Userdefined Strike Prices are allowed in $0.05 increments.

Last Trading Day: At 4:00pm EPT on the 15th calendar day of the delivery month. Where the 15th 

calendar day is not a Business Day, the Last Trading Day shall be the first Business Day following the 

15th calendar day of the delivery month.

Option Style: European 

Exercise Method: Automatic

Exercise Procedure: Clearing Members shall provide exercise and abandon instructions to the Clearing 

Organization in accordance with the Clearing Organization rules

Exercise Time: 5:30 pm EPT on the Last Trading Day