Indicated price rises to $25.84 a metric ton as of Aug. 22.

See link.

Market Specifications

Trading Screen Product Name

Nature-Based Carbon Credit Futures

Trading Screen Hub Name

VCU V26-V30

Contract Symbol

OVJ

Contract Series

Up to 7 December, up to 9 quarterly and 2 monthly contracts or as otherwise determined and announced by the Exchange from time to time.

Expiration Date

3 business days prior to the last business day of the contract month

Contract Security

ICE Clear Europe acts as central counterparty to all trades thereby guaranteeing the financial performance of ICE Futures Europe contracts registered in the name of its Members up to and including exercise and/or settlement.

Delivery Methods

The transfer of Nature-Based Solution Carbon Credits shall be directly between the Account of the Buyer and the Seller as matched by the Exchange and the Clearing House, via the Verra Registry

Trading Hours

01:00 AM – 11:00 PM LLT, Monday – Friday

[CarrZee Note — 22 hours a day — coffee time]

Trading Model

Continuous trading throughout trading hours

Trading Methods

Futures, Exchange for Physical (EFP), Exchange for Swap (EFS) and Block Trades are available for this contract.

Unit of Trading

VCUs from VCS AFOLU Projects with CCB Certification having a vintage between 1 January 2026 up to and including 31 December 2030.

Contract Size

One lot of 1,000 Nature-Based Solution Carbon Credits. Each Nature Based Solution Carbon Credit equals one metric tonne of greenhouse gas emissions.

Minimum Trading Size

1 lot

Minimum Block Order

10 lots

Quotation

The contract price is in US Dollars and Dollar Cents per metric tonne

Minimum Price Fluctuation

$0.01 per tonne (i.e., $10.00 per lot).

Maximum Price Fluctuation

There are no limits.

Tick Value

$0.01 per tonne (i.e., $10.00 per lot).

Settlement Price

Each business day at approximately 16:15 hours

Initial Margin

Calculated on all open contracts, Initial Margin, as defined in the ICE Clear Europe Clearing Rules, is a deposit held by ICE Clear Europe in order to cover the costs that may be incurred in closing out a position in default. It is returned upon the closing of the position, or at expiry, with interest.

Daily Margin

All open contracts are ‘marked-to-market’ daily, with Variation Margin, as defined in the ICE Clear Europe Clearing Rules, being called for as appropriate.

Exchange Delivery Settlement Price

The EDSP shall be the Settlement Price established by ICE Futures Europe at the end of the closing period on the last day of trading for the relevant delivery month.

ICE Futures Europe may, in its absolute discretion, determine in respect of the Contract, at any time prior to the delivery period, a price other than that specified above.

MIC Code

IFEU

Clearing Venues

ICEU