RIN Futures on Nodal Exchange
Everything you need to know about RIN futures on Nodal Exchange from contract basics, options available to trade RINs and the benefits of trading on Nodal.
RIN Contract Basics
Nodal lists D3, D4, D5 and D6 futures and options contracts.
Each includes the following contract elements:
-
- Physically delivered RIN contracts
- Contract Size: 10,000 RINs
- Minimum Tick Value: $0.0001 per credit
- Contract Series: Monthly contracts beginning with December 2020 through Dec-2021; Annual December contracts through 2025
- Physical Delivery: via EMTS on last business day of the contract month
- Block Trade Minimum Size: 5 lots (50,000 RINs)
- Options Available: 1×1 to Futures
- Options Tick Value: $0.0001 per credit
All Nodal Members are eligible to trade RIN futures. Nodal Members who wish to engage in physical delivery of RIN futures, must meet the eligibility criteria established in the application to deliver.
Trading RINs on Nodal Exchange
THERE ARE SEVERAL OPTIONS AVAILABLE FOR TRADING ON NODAL EXCHANGE.
Through a Broker
32 brokerage shops are set up on Nodal and give you access to markets not on the screen
On a Front-End Trading Platform
Nodal offers several trading screens to participants at no additional cost, including CQG, Trayport, and Trading Technologies
Direct Entry by Nodal
Deals can be entered directly between counterparties by emailing the trade details to blocktrade@nodalexchange.com
Benefits of Trading RINs on Nodal
- No Counterparty Credit Risk, cleared through Nodal Clear
- Standardized Contracts for All D Codes – No individualized counterparty agreements and negotiations
- Standardized List of Eligible Generation Facilities – One eligible list for each D code
- Low Transaction Costs – Low trading fees, no data, membership or screen access fees
- Efficient Delivery Process
- Capital Efficiencies of Trading Futures – margin and letter of credit for margin requirements
- Growing Suite of Complementary Products – RINs, CA LCFS, OR CFP, CA Carbon Allowances
- No Counterparty Credit Risk, cleared through Nodal Clear
- Standardized Contracts for All D Codes – No individualized counterparty agreements and negotiations
- Standardized List of Eligible Generation Facilities – One eligible list for each D code
- Low Transaction Costs – Low trading fees, no data, membership or screen access fees
- Efficient Delivery Process
- Capital Efficiencies of Trading Futures – margin and letter of credit for margin requirements
- Growing Suite of Complementary Products – RINs, CA LCFS, OR CFP, CA Carbon Allowances
ADDITIONAL RESOURCES
RIN Products
Overview
Webpage
RIN Markets
Background
Webpage
California LCFS Market
Background
Webpage
LCFS Programs
Overview Page
Webpage
California LCFS Program
History Page
Webpage
California LCFS Product
Overview
This page is for illustrative purposes only. For official contract and trading information, please visit Nodal Exchange