ICE California Carbon Allowance Advance Auction Clearing Price

The California Carbon Allowance Advance Auction Clearing Price contract is a cleared market for California Carbon Allowance (CCA) futures contracts at a premium or discount to the Advance Auction Settlement Price as published by the California Air Resources Board.
California Carbon Allowance Advance Auction Clearing Price Futures	California Carbon Allowance Advance Auction Clearing Price Futures 	California Carbon Allowance Advance Auction Clearing Price Futures 	California Carbon Allowance Advance Auction Clearing Price Futures
Trading Screen Product Name 	CCA ACP Advance Futures 	CCA ACP Advance Futures 	CCA ACP Advance Futures
Trading Screen Hub Name 	CCA 	CCA 	CCA
Contract Symbol 	ACA 	ACA 	ACA
Settlement Method 	1 ACA contract exercises into an eligible California Carbon Allowances futures contract 	1 ACA contract exercises into an eligible California Carbon Allowances futures contract 	1 ACA contract exercises into an eligible California Carbon Allowances futures contract
Contract Size 	1 California Carbon Allowances futures contract 	1 California Carbon Allowances futures contract 	1 California Carbon Allowances futures contract
Currency 	USD 	USD 	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. 	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. 	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 	The exchange may list contracts for trade on the standard listing cycle of February, May, August and November out two years. The Exchange may list any other calendar month contract sets off the standard-cycle listing schedule. 	The exchange may list contracts for trade on the standard listing cycle of February, May, August and November out two years. The Exchange may list any other calendar month contract sets off the standard-cycle listing schedule. 	The exchange may list contracts for trade on the standard listing cycle of February, May, August and November out two years. The Exchange may list any other calendar month contract sets off the standard-cycle listing schedule.
Last Trading Day 	Trading shall cease at 3:00 p.m. (EPT) on the day on which the Joint Auction Summary Results Report for the specified auction is scheduled to be released. In the event that no Joint Auction Summary Results Report is scheduled to be released, the Last Trading Day will be determined by the Exchange in accordance with its Rules. 	Trading shall cease at 3:00 p.m. (EPT) on the day on which the Joint Auction Summary Results Report for the specified auction is scheduled to be released. In the event that no Joint Auction Summary Results Report is scheduled to be released, the Last Trading Day will be determined by the Exchange in accordance with its Rules. 	Trading shall cease at 3:00 p.m. (EPT) on the day on which the Joint Auction Summary Results Report for the specified auction is scheduled to be released. In the event that no Joint Auction Summary Results Report is scheduled to be released, the Last Trading Day will be determined by the Exchange in accordance with its Rules.
Deliverable Instruments 	All parties with open positions at expiry will establish equivalent long or short futures positions in the eligible CCA futures contract on the Final Settlement Day. The eligible CCA futures contract is the futures contract with a vintage three years advanced from the current calendar year and an expiry month following the month the auction is held. Open positions in the eligible CCA futures contract shall be priced at the respective Advance Auction Settlement Price as published by the California Air Resources Board in the Joint Auction Summary Results Report. In the instance that an Advance Auction is cancelled or no Advance Auction Settlement Price is published, an alternative settlement shall be determined by the Exchange.	All parties with open positions at expiry will establish equivalent long or short futures positions in the eligible CCA futures contract on the Final Settlement Day. The eligible CCA futures contract is the futures contract with a vintage three years advanced from the current calendar year and an expiry month following the month the auction is held. Open positions in the eligible CCA futures contract shall be priced at the respective Advance Auction Settlement Price as published by the California Air Resources Board in the Joint Auction Summary Results Report. In the instance that an Advance Auction is cancelled or no Advance Auction Settlement Price is published, an alternative settlement shall be determined by the Exchange.	All parties with open positions at expiry will establish equivalent long or short futures positions in the eligible CCA futures contract on the Final Settlement Day. The eligible CCA futures contract is the futures contract with a vintage three years advanced from the current calendar year and an expiry month following the month the auction is held. Open positions in the eligible CCA futures contract shall be priced at the respective Advance Auction Settlement Price as published by the California Air Resources Board in the Joint Auction Summary Results Report. In the instance that an Advance Auction is cancelled or no Advance Auction Settlement Price is published, an alternative settlement shall be determined by the Exchange.
Final Settlement 	Final Settlement Day will be equal to the Last Trading Day. 	Final Settlement Day will be equal to the Last Trading Day. 	Final Settlement Day will be equal to the Last Trading Day.
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 	8:50 AM - 7:00 AM
08:50 - 07:00 	8:40 AM
08:40
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 	CCA 	CCA
Codes 	Physical 	ACA 	ACA
Codes 	Logical 	ACA 	ACA
Codes 	GMI (FC) 	L: 	L:
Codes 	ION A.C.N. 	None 	None
== Notes ==
==References==
==Resources==
ICE California Carbon Allowance Advance Auction Clearing Price Product Spec
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