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Vertis Environmental Finance announces the first exchange traded spot CER transaction in EuropeTeszt ábécé üllője, íme: áéíóöőúüű ÁÉÍÓÖŐÚÜŰPRESS RELEASE, For immediate release Budapest - 17 January 2008 - Today the first exchange-traded spot CER transaction was concluded in Europe. Vertis, a Budapest-based trading house sold Certified Emission Reductions (CERs) at 16.50 EUR/CER. The transaction was executed on the Climex spot platform, and cleared through the Swiss registry account of the clearing house of Climex. The Swiss registry was connected to the International Transaction Log (ITL) in early December 2007, thereby enabling the transfer of CERs among entities in the registry. Companies that have an account in the Swiss registry may now trade CERs on the Climex platform. "With Climex ready to trade CERs, European operators now have the opportunity to begin covering their expected shortfalls through exchange-traded spot CER contracts" - said Barna Barath, CEO of Vertis Environmental Finance. "With this, and the first European cleared OTC CER trade in December last year, Vertis is ready to service the CER needs of its clients." - ENDS - Note to editors About Vertis Environmental Finance Vertis Environmental Finance is the most experienced emissions trading finance house in Central Europe, and one of the first companies to be involved in emissions trading in the world. Established in 1998, Vertis executed its first Joint Implementation deal in 2002, its first VER transaction in 2003, its first EUA forward trade in January 2004, the first ever online auction of EU Allowances in 2006 and the first settled CER transaction in Europe in 2007. Vertis is a member of the Climex Alliance, which provides a cleared pan-European spot carbon market for the trading of EUAs and CERs. Vertis is a liquidity provider on the exchange and acts as an executing broker for non Climex members. About CERs Certified Emission Reductions (CERs) are climate credits (or carbon credits) issued by the Clean Development Mechanism (CDM) Executive Board for emission reductions achieved by CDM projects and verified by a DOE under the rules of the Kyoto Protocol. CERs can be used by Annex 1 countries in order to comply with their emission limitation targets or by operators of installations covered by the European Union Emission Trading Scheme (EU ETS) in order to comply with their obligations to surrender EU Allowances, CERs or Emission Reduction Units (ERUs) for the CO2 emissions of their installations. CERs can be held by governmental and private entities on electronic accounts. (source: Wikipedia) For further information please contact Mariann Csikesz |
