LCH.Clearnet to launch OTC clearing service for spot emissions

The service will offer traders straight-through-processing from broker desks to LCH.Clearnet for deals involving spot EUAs and CERs, and will provide next day delivery and settlement. ClimateSettle, a settlement service operated by Euroclear Bank, will provide the delivery-versus-payment settlement services.

"Over-the-counter (OTC) spot transactions, traded through OTC brokers or directly between counterparties, will flow seamlessly to LCH.Clearnet, removing the need for indirect give-up through