Methane Performance Certificate Spot Contract

Description

The Methane Performance Certificate (less than 0.1 percent methane emissions intensity) (“MPC.1”) Spot Contract represents a standardized, cleared contract for immediate physical delivery of eligible Methane Performance Certificate(s) (“MPC.1”) (A) issued and verified under the Quantification Framework for Digital Natural Gas and Methane Performance Certificates (see Schedule 1 of the Digital Fuels Program), and (B) substantiated by underlying Digital Natural Gas units with certified attributes meeting the less than 0.1 percent methane emissions intensity Screening Criteria established in Operating Schedule No. 3 to the Standard Instruments Program.

Product Code

MPC_.1_v21

Clearing & Settlement

Products associated with Contracts 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

2,500 MPC

Minimum Price Fluctuation

The price convention shall be $0.001 per MPC

Registry

Xpansiv DF Registry

Market

www.cblmarkets.com

Trading Hours

Market Open: 08:30 – 16:00 Eastern Time Monday through Friday on U.S. Business Days