Global Emissions Offset Standard Spot Product
Description
The Global Emissions Offset Standard Spot Product represents a standardized, cleared contract for immediate (“spot”) physical delivery of voluntary emissions offsets meeting best-in-class criteria (“GEOs”). GEOs acceptable for delivery must meet the requirements of the Standard Instruments Program (Schedule 1).
Product Code
GEO
Clearing & Settlement
Asset Units associated with Products that are the subject of Transactions are pre-cleared and physically settled through Market Operator’s Payment versus Delivery Clearing and Settlement structure. Asset Units are delivered on a spot basis (intra-day based on netted end of day positions) into the Participant’s Market Registry Account, an account exclusively dedicated for use in connection with the Market.
Lot Size
1 GEO
Minimum Price Fluctuation
The price convention shall be $0.01 per GEO
Registry
Approved Registries included: Verra Registry Climate Action Reserve American Carbon Registry
Market
Trading Hours
Market is open 23 hours per day, 365 days per year.