EIB opens selection of exchanges and clearing banks for NER 300 initiatives

The European Investment Bank (EIB) today announced its intention to select carbon exchanges and clearing banks for monetisation of 300 million EU Allowances (EUAs) from the New Entrants Reserve (NER) for phase 3 of the European Union Emissions Trading Scheme (EU ETS). The process will select exchanges, including examination of their ability to manage auctions, and banks acting as general clearing members of those exchanges. This leaves open a final decision on how and when carbon allowances will be monetised. The EIB could seek direct clearing membership or access exchanges through general clearing members. Full details of the tender will be published by the end of July. A decision on which exchange will be used for NER 300 sales and concerning possible clearing membership of selected exchange(s) by EIB is expected in the autumn. Access to carbon exchanges would enable the EIB to execute EUA futures as direct screen trades and to clear over the counter (OTC) EUA futures ...Zum vollständigen Artikel

Cookies helfen bei der Bereitstellung unserer Dienste. Durch die Nutzung erklären Sie sich mit der Cookie-Setzung einverstanden. Mehr OK