Intercontinental Exchange : Listing of an Additional Futures Contract on December 9, 2024
November 06, 2024 at 05:29 pm EST
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ICE Futures U.S.
November 6, 2024
Listing of an Additional Futures Contract on December 9, 2024
In a prior Notice, the Exchange announced the listing of 23 new futures and options contracts on December 9, 2024. In addition to those contracts, the Exchange will also list the following Physical Environmental futures contract on December 9, 2024:
Physical Environmental
Maryland Compliance Non-Black Liquor Renewable Energy Credit Tier 1 Future
Specifications for the new contract are attached to this notice. Please note that amendments may be made to such specifications prior to listing.
Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading "Key information Documents (KIDS)," commencing January 1, 2019
Maryland Compliance Non-Black Liquor Renewable Energy Credit Tier 1 Future
Physically delivered Maryland Tier 1 Renewable Energy Credit
Description
("Maryland Tier 1 REC") from all technologies with the exception of
Black Liquor Generation where a Maryland Tier 1 REC is an electronic
certificate issued by PJM GATS for qualifying generation.
Trading Screen Product Name
REC-MD Futures
Trading Screen Hub Name
REC-MD NBL
Contract Symbol
MDB
Settlement Method
Physical delivery
Contract Size
100 MWh representing 100 Tier 1 RECs
Currency
USD
The price quotation convention shall be One cent ($0.01) per MWh;
Minimum Price Fluctuation
minimum price fluctuation may vary by trade type. Please see Table
in Resolution 1 to this Chapter 18.
1. The Exchange may list monthly contracts in the Standard Cycle or
any other calendar month it determines for the current year and
Listing Cycle
forward for up to ten years.
2. The Standard Cycle is: January, February, March, April, May, June,
July, August, September, October, November and December
Three Business Days prior to the last Business Day of the delivery
Last Trading Day
month. The last weekday of December is not considered a Business
Day, unless otherwise determined and announced by the Exchange.
Maryland Tier 1 RECs eligible for delivery are those which are eligible
to meet the Tier 1 renewable energy requirement as defined in the
Maryland Renewable Energy Portfolio Standard promulgated under 7-
Deliverable Instruments
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, with the
exception of RECs generated from Black Liquor Sources.
Registry
PJM GATS
MIC
IFED
Clearing Venue
ICEU
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Disclaimer
ICE - Intercontinental Exchange Inc. published this content on November 06, 2024, and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on November 06, 2024 at 22:29:24.423.
Intercontinental Exchange, Inc. operates regulated futures exchanges and over-the-counter (OTC) markets for commodities and financial products (agricultural, energy, equity index and currency contracts, as well as credit derivatives). The group offers these markets to participants around the world through its technology infrastructure and trading platform, together with clearing, market data broadcasting and risk management services. Net sales break down by type of income as follows:
- income from futures and OTC markets operation (64.2%);
- income from fixed income analysis and execution services and data publishing (22.5%);
- income from a residential mortgage technology platform operation (13.3%).
The United States accounts for 65.7% of net sales.
INTERCONTINENTAL EXCHANGE, INC. 
