ICE California Low Carbon Fuel Standard Credit (OPIS) Future

A monthly cash settled futures contract based on the OPIS daily assessment price for Physically Delivered California Low Carbon Fuel Standard (LCFS) Credits.
== Contract Specs ==
California Low Carbon Fuel Standard Credit (OPIS) Future	California Low Carbon Fuel Standard Credit (OPIS) Future 	California Low Carbon Fuel Standard Credit (OPIS) Future 	California Low Carbon Fuel Standard Credit (OPIS) Future
Trading Screen Product Name 	LCFS Futures 	LCFS Futures 	LCFS Futures
Trading Screen Hub Name 	LCFS 	LCFS 	LCFS
Contract Symbol 	LFS 	LFS 	LFS
Settlement Method 	Cash 	Cash 	Cash
Contract Size 	100 LCFS Credits (where 1 LCFS Credit is 1 MT) 	100 LCFS Credits (where 1 LCFS Credit is 1 MT) 	100 LCFS Credits (where 1 LCFS Credit is 1 MT)
Currency 	USD 	USD 	USD
Minimum Price Fluctuation 	The price quotation convention shall be Twenty-Five cent ($0.25) per LCFS Credit; minimum price fluctuation may vary by trade type. Please see Table in Resolution 1 to this Chapter 18. 	The price quotation convention shall be Twenty-Five cent ($0.25) per LCFS Credit; minimum price fluctuation may vary by trade type. Please see Table in Resolution 1 to this Chapter 18. 	The price quotation convention shall be Twenty-Five cent ($0.25) per LCFS Credit; 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 	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 	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 	Last Business Day of the contract month 	Last Business Day of the contract month 	Last Business Day of the contract month
Floating Price 	In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products. 	In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products. 	In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.
Final Settlement 	In respect of final settlement, the Floating Price will be a price in USD and cents per LCFS Credit based on the average of the mean of the high and low quotations appearing in the "OPIS Ethanol & Gasoline Component Spot Market Prices" report under the heading "California Low Carbon Fuel Standard" subheading "Carb Credit” for each Business Day (as specified below) in the determination period.	In respect of final settlement, the Floating Price will be a price in USD and cents per LCFS Credit based on the average of the mean of the high and low quotations appearing in the "OPIS Ethanol & Gasoline Component Spot Market Prices" report under the heading "California Low Carbon Fuel Standard" subheading "Carb Credit” for each Business Day (as specified below) in the determination period.	In respect of final settlement, the Floating Price will be a price in USD and cents per LCFS Credit based on the average of the mean of the high and low quotations appearing in the "OPIS Ethanol & Gasoline Component Spot Market Prices" report under the heading "California Low Carbon Fuel Standard" subheading "Carb Credit” for each Business Day (as specified below) in the determination period.
Final Payment Date 	Two Clearing House Business Days following the Last Trading Day 	Two Clearing House Business Days following the Last Trading Day 	Two Clearing House Business Days following the Last Trading Day
Business Days 	Publication days for OPIS Carb Credit 	Publication days for OPIS Carb Credit 	Publication days for OPIS Carb Credit
MIC Code 	IFED 	IFED 	IFED
Clearing Venues 	ICEU 	ICEU 	ICEU
Trading Hours 	CITY 	TRADING 	PRE-OPEN
Trading Hours 	NEW YORK 	7:50 PM - 6:00 PM
19:50 - 18:00 	7:40 PM
19:40
Trading Hours 	LONDON 	12:50 AM - 11:00 PM
00:50 - 23:00 	12:40 AM
00:40
Trading Hours 	SINGAPORE 	7:50 AM - 6:00 AM
07:50 - 06:00 	7:40 AM
07:40
Trading Hours 	*Next Day
Sunday Pre-Open 5:40 PM ET; Closed on Saturday 	*Next Day
Sunday Pre-Open 5:40 PM ET; Closed on Saturday 	*Next Day
Sunday Pre-Open 5:40 PM ET; Closed on Saturday
Codes 	Clearing Admin Name 	LCFS 	LCFS
Codes 	Physical 	LFS 	LFS
Codes 	Logical 	LFS 	LFS
Codes 	GMI (FC) 	L1 	L1
Codes 	ION A.C.N. 	None 	None
== Notes ==
== References ==
Category:Sponsored Pages
Category:Sponsored Pages - ICE
Category:Reserved Pages
Category:Reserved Pages - ICE
Category:US Environmental Futures
Category:Futures Contracts Traded on ICE
Category:Futures Data in Template