LCH.Clearnet launches OTC emissions clearing

The standardised physically delivered contracts will be settled against London Energy Brokers Association (LEBA) end-of-day prices with appropriate margin offset being granted between the two contracts. Contracts will be based on December delivery and will cover the period 2008 to 2012.

“The current period of heightened market volatility only serves to highlight the importance of clearing for this significant sector of the market,” says Roger Liddell, LCH.Clearnet chief executive.

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