CME CBL Carbon contract settlements to transfer back to CME effective Jan. 27

Platts, part of S&P Global Commodity Insights, will transfer over the settlement mechanism for the five CME CBL carbon credit futures contracts back to CME following the expiration of the January front-month contracts, effective Jan. 27.

The January front-month contract for GEO, N-GEO, N-GEO Trailing, C-GEO and C-GEO Trailing will expire on Jan. 26.

Platts will instead republish the settlement prices each day from CME under the existing codes in the Platts Pricing Database under Market Data Category CAR as according to standard third-party data.

Platts will continue to publish 48 full calendar months and inter-month spreads for the GEO, N-GEO Trailing, C-GEO and C-GEO Trailing forward curves, as well as 72 full calendar months and inter-month spreads for N-GEO. Any forward months not including an official settlement price will continue to be assessed using the existing Platts methodology.

This third-party data change will not impact the daily Xpansiv CBL GEO, N-GEO, N-GEO Trailing, C-GEO and C-GEO spot settlements. Platts will continue to assess the first three month and two nearest December contracts for GEO, N-GEO and C-GEO at 12:00 GMT daily, as well as for N-GEO at 16:30 London using the current methodology.

Additional details on the CME CBL carbon credit futures contract methodology, are available here: https://www.cmegroup.com/markets/energy/emissions/cbl-global-emissions-offset.html

Additional detail for the Xpansiv CBL carbon credit spot contracts is available here: https://xpansiv.com/cbl/

Please send any further feedback to Platts_Carbon@spglobal.com and pricegroup@spglobal.com.

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