AUCTIONS

auctioneer's gavel representing BlueNext spot auction

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AUCTIONS

BACKGROUND

BlueNext is pleased to offer a new service for companies and States wishing to hold auctions.

Key benefits of holding an auction on BlueNext:

Large pool of potential buyers and sellers (more than 100 members on the exchange).
Commercial sales support.
Zero counter party risk through the Delivery versus Payment process.

BLUENEXT AND CITI - ERU AUCTION

BlueNext and Citi held the first ERU Auction on the 8th January 2010.
The auction was a one-round, uniform price auction supported through the BlueNext Spot infrastructure.
The quantity offered was 400 000 ERUs – this represented around 10% of the total ERU issued worldwide at that time.
ERUs are offsets resulting from the Joint Implementation (JI) flexible mechanism in Annex I (developed) countries.

Technical Specifications:
Tradable Instrument	ERUs (Emission Reduction Units) from the “ERU White List” (which exclude projects relating to nuclear activities, LULUCF projects and credits originating from hydroelectric projects with a generating capacity exceeding 20MW).
Tick	0.01 €/t
Volume Increment	1,000 tons
Minimum Volume	1,000 tons
Trading System	ERU Selling Auction on the Global Vision System
Trading Hours	11:00 am – 12:00 pm (UTC+1)
Delivery Place	French Registry