LCH.Clearnet and BlueNext have successfully carried out the very first delivery processes on European Union Allowance (EUAs) and Certified Emission Reduction (CERs) BlueNext Futures contracts.
BlueNext is the only exchange capable of automatically filtering CERs to ensure that only those that originate in projects which comply with the European Union Emissions Trading Scheme (EU ETS) regulatory requirements, will be transferred.
In addition to its spot markets, BlueNext launched EUAs & CERs Futures contracts with December 2008 to 2012 maturities in Q2 2008. LCH.Clearnet was requested to provide full Central Counterparty (CCP) services on these derivatives products.
Opened EUAs & CERs Futures contracts were successfully managed on Tuesday 2 December 2008, as of the first sequential day of the delivery process.
EUAs & CERs issued from BlueNext Futures contracts were perfectly moved in the French Registry members’ accounts.
We are very proud to participate in this challenging segment of activity and to provide our members with the opportunity to clear such innovative products, says Christophe Hmon, CEO, LCH.Clearnet SA. We will continue to support BlueNext’s developments, by providing our expertise in clearing services to market participants.
The successful delivery of EUAs and CERs BlueNext futures contracts confirms the importance and the quality of our partnership with LCH.Clearnet SA, one of the safest Clearing House, says Jean-Pierre Hort, Deputy CEO, BlueNext.
L.D.