• Consolidation of National Registries into a New Union Registry for European Emission Contracts Scheduled for June 2012 and Partial Delisting of Contracts During Transition Period

      • To
      • Clearing Member Firms; Back Office Managers
      • From
      • CME Clearing
      • #
      • 12-225
      • Notice Date
      • 29 May 2012
      • Effective Date
      • 29 May 2012
    • The European Commission has announced the full activation of the EU Emissions Trading Scheme single registry and migration of thousands of EU ETS accounts from national registries into the new Union Registry. The Union Registry transition period is scheduled for June 3, 2012 through June 20, 2012. During this time, the operation of national registries and the Union Registry will be suspended and account holders will not be able to access registry accounts - including allowances held in these accounts; transfers will not be allowed through the registry(ies).  Consequently, deliveries of certain Green Exchange LLC (GreenX) products will be affected during the Union Registry transition period. As a result, effective immediately, GreenX is delisting certain contract days and contract months in accordance with the attached advisory notice.

      For the full text of this advisory...