BGC Environmental Brokerage Services

CantorCO2e Clients Now Able to Clear OTC Transactions through London Clearing House

“New Clearing Service Reduces Transaction Costs and Opens up Trading of Secondary CERs” says James Emmanuel, Head of Carbon Broking at CantorCO2e

LONDON, UK – 29 February 2008 – CantorCO2e announced today that it will be offering to its clients from 29 February 2008 the ability to directly clear OTC forward transactions in both EU Emission Allowances (EUAs) and secondary Certified Emission Reductions (CERs) through the LCH for physical delivery. 

Settlement and margin calculations will be based on the London Energy Brokers Association (LEBA) end of day data. December contract months will be offered each year in the period December 2008-December 2012.  Both EUA and CER forward contracts will have their margin offset one against the other.

James Emanuel, Head of Carbon Broking at CantorCO2e, said: “This service will reduce the transaction costs for traders in the wholesale market wishing to clear their OTC trades. Additionally, the clearing of secondary CERs will be possible for the first time via the LCH which ought to liberate the trading of secondary guaranteed CERs and open up the trading of this commodity to a greater audience than is currently the case. 

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About CantorCO2e 

CantorCO2e is a leading global provider of financial services to the world’s environmental and energy markets, offering finance, advice, technology, and transaction services to clients engaged in using energy and managing emissions across the world.

CantorCO2e helps businesses across the world to manage the financial aspects of their energy and environmental choices.  In North America and Europe, this means providing brokerage services to the energy and environmental commodity markets.  Elsewhere, this means bringing expertise, finance and technology to projects that reduce emissions.

CantorCO2e serves all of the world’s principal emissions markets, including the Kyoto markets (CDM, JI and European emissions trading), the US compliance markets, and the voluntary carbon market.  We help entities transact via electronic trading screens, recorded telephone lines, auctions and negotiated contracts.  As well as emissions, we broker traditional energy products, and ‘new’ energy, such as renewable energy, ethanol and biodiesel.  We advise equity investment funds on carbon finance, introduce investors to projects, and structure forward sales to enable project developers to fund their investments.  We help ‘clean-tech’ technology developers to manage their intellectual property, to develop their licensing strategies, and to roll out their technologies through our global network. 

CantorCO2e is headquartered in London and San Francisco and has fourteen offices across five continents.  This global yet local presence across the world, together with the unique experience of its staff, enables CantorCO2e to provide a level of service that few can match.

For more information please visit www.cantorco2e.com.

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Media Contacts: 

Timo Kindred
+44 (0) 207 894 7292