Nature-Based%20Global%20Emissions%20Offset%20Standard%20Spot%20Product
Description
The%20Nature-Based%20Global%20Emissions%20Offset%20Standard%20Spot%20Product%20represents%20a%20standardized,%20cleared%20contract%20for%20immediate%20(%E2%80%9Cspot%E2%80%9D)%20physical%20delivery%20of%20voluntary%20emissions%20offsets%20meeting%20defined%20criteria%20(%E2%80%9CN-GEOs%E2%80%9D).%20N-GEOs%20acceptable%20for%20delivery%20meet%20the%20Defining%20Criteria%20and%20other%20requirements%20identified%20and%20described%20in%20the%20CBL%20Standard%20Instruments%20Program.
Product Code
N-GEO
Clearing & Settlement
Asset%20Units%20associated%20with%20Products%20that%20are%20the%20subject%20of%20Transactions%20are%20pre-cleared%20and%20physically%20settled%20through%20Market%20Operator%E2%80%99s%20Payment%20versus%20Delivery%20Clearing%20and%20Settlement%20structure.%20Asset%20Units%20are%20delivered%20on%20a%20spot%20basis%20(intra-day%20based%20on%20netted%20end%20of%20day%20positions)%20into%20the%20Participant%E2%80%99s%20Market%20Registry%20Account,%20an%20account%20exclusively%20dedicated%20for%20use%20in%20connection%20with%20the%20Market.
Lot Size
1%20N-GEO
Minimum Price Fluctuation
The%20price%20convention%20shall%20be%20$0.01%20per%20GEO
Registry
Verra%20Registry
Market
Trading Hours
Market%20is%20open%2023%20hours%20per%20day,%20365%20days%20per%20year.