LCH.Clearnet to launch OTC clearing service for spot emissions
LCH.Clearnet has announced intentions to launch a clearing service for UK participants in the spot market for carbon credits.
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
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