Nature-Based Global Emissions Offset Standard Spot Product

Description

The Nature-Based Global Emissions Offset Standard Spot Product represents a standardized, cleared contract for immediate (“spot”) physical delivery of voluntary emissions offsets meeting defined criteria (“N-GEOs”). N-GEOs acceptable for delivery meet the Defining Criteria and other requirements identified and described in the CBL Standard Instruments Program.

Product Code

N-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 N-GEO

Minimum Price Fluctuation

The price convention shall be $0.01 per GEO

Registry

Verra Registry

Market

www.cblmarkets.com

Trading Hours

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