Emsurge Carbon Marketplace has originated its first deal that was concluded in partnership with the CBL exchange, it announced Tuesday. The trade for 50,000 REDD credits was settled through CBL’s post-trade processing platform. Xpansiv’s CBL offered a way to finalise the deal quickly while work on the documents for future trades was completed.
“By working together (with the CBL platform), our clients can choose to streamline post-trade processes and ensure they never miss out on an opportunity due to time-lags, performing know your counterparty, credit and contractual due diligence,” said Melissa Lindsay, founder and chief executive of Emsurge.