DERIVATIVES MARKET

BLUENEXT PRODUCTS

Futures contracts were launched in 2008:

Market making agreement with key market players.
BlueNext Futures market benefits from the LCH.Clearnet SA Guarantee Fund to secure transactions.
BlueNext has the same delivery date as OTC.

Contract	BlueNext Futures EUA
Mnemonic Code	BNF EUA
Underlying	European Union Allowance 2008-2012
Maturity	Annual contracts with December expiries from 2008 to 2012
Settlement	Last business day of November or the first business day of December
Tick size	0.01 €/t
Minimum Price	0.01 €/t
Volume Tick	1,000 tons
Minimum Volume	1,000 tons
Trading System	Continuous through Global Vision (Trayport)
Trading Hours	from 8:00 am to 5:30 pm (UTC+1) from Monday to Friday
Delivery Place	National registries interfacing with the delivery versus payment system
Clearing	LCH.Clearnet SA