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

www.cblmarkets.com

Trading Hours

Market is open 23 hours per day, 365 days per year.