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RIN Futures on Nodal Exchange

Learn more about RIN futures on Nodal Exchange.

RIN Contracts On Nodal Exchange

RINs are traded nationwide under the Environmental Protection Agency’s
Renewable Fuel Standard, which allows renewable fuel producers, market participants and obligated parties to generate, buy and sell RINs.

In collaboration with IncubEx, Nodal lists D3, D4, D5 and D6 futures and options contracts.

CONTRACT OVERVIEWS

RIN Futures

  • Physically delivered RIN contracts
  • Contract Size: 10,000 RINs
  • Priced in US dollars
  • Minimum Tick Value: $0.0001 per credit
  • Last Trading Day: Last Business Day of the contract month
  • Physical Delivery: via EMTS on last business day of the contract month

RIN Options

  • European Style (exercise only at expiry)
  • Futures Style Margining
  • Lot Size: 1 lot of underlying conract
  • Priced in US dollars
  • Options Tick Value: $0.0001 per credit
  • Strike Price: $0.05 above and below the at-the-
    money strike price
  • Last Trading Day: At 4:00 pm EPT on the 15th calendar day of the delivery month
  • Contract Series: Monthly contracts beginning with December 2020 through Dec-2021; Annual December contracts through 2025

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.

RINs

PRODUCTFUTURES
VINTAGES		OPTIONS
VINTAGES		CONTRACT
CODE		CONTRACT
SIZE		STRIKE
INTERVAL		PRODUCT
SPECS
D3 Renewable Identification Number2021-20252021-2025RPC, RPD, RPE, RPF, RPG10,000 RINs$0.05Futures
Options
D4 Renewable Identification Number2021-20252021-2025RNC, RND, RNE, RNF, RNG10,000 RINs$0.05Futures
Options
D5 Renewable Identification Number2021-20252021-2025ROC, ROD, ROE, ROF, ROG10,000 RINs$0.05Futures
Options
D6 Renewable Identification Number2021-20252021-2025RMC, RMD, RME, RMF, RMG 10,000 RINs$0.05Futures
Options

Trading RINs 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

About Nodal Exchange

Nodal Exchange, headquartered in Tysons Corner, VA, is a CFTC-regulated derivatives exchange providing price, credit and liquidity risk management to participants in the North American commodity markets. Part of EEX Group, Nodal Exchange is a leader in innovation, having introduced the world’s largest set of electric power locational (nodal) futures contracts and offers over 1,000 power, gas, environmental, natural gas and freight futures, all cleared on Nodal Clear. IncubEx is partnered with Nodal on its North American environmental products.

ADDITIONAL RESOURCES

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Environmental Products on
Nodal Exchange

This page is for illustrative purposes only. For official contract and trading information, please visit Nodal Exchange