BLUENEXT PRODUCTS

SPOT PAYMENT AND DELIVERY

Our Delivery versus Payment system is unique amongst Carbon exchanges. The key benefits are the speed of a transaction (within 15 minutes); and the fact there is zero counter party risk – as both the funds and the contracts must be credited to the member accounts before they can trade.

Once a trade has been validated, BlueNext organises the settlement and delivery. This involves:

•  Transferring allowances or credits from the seller's account to the BlueNext transit account and then from the transit account to  the buyer's account. The trade is delivered once the transaction registries, CITL (and ITL), have sent official notice that the  transfer is complete.
•   The delivery is made on the French registry for EUA and CER transactions.
•  Debiting the amount of the transaction from the buyer's cash account, crediting the BlueNext transit account and then crediting  the seller’s cash account.