Carbon Credit OTC Trade Settlement Service
Outline
The Carbon Credit OTC Trade Settlement Service enables market participants to use Carbon Credit Market System to settle and transfer carbon credits for OTC transactions, addressing the practical complexity of OTC contracts.
Overview
| Item | Outline |
| Eligible credits | Carbon credits classified under the "forest sink" trading category among the "J-Credits" eligible for trading on the Market |
| Companies Permitted to Use the Service | Both sellers and buyers participating in the Carbon Credit Market |
| Service hours | 8:00～11:29 / 12:30～14:59 |
| Service days | The Service shall be provided on the same days as the trading sessions for the eligible carbon credits on the Carbon Credit Market. |
| Settlement Service Applications |
For transactions concluded through over-the-counter (OTC) trading, both the seller and the buyer shall enter the details of the OTC transaction into the Carbon Credit Market System.
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| Trade matching and Settlement | TSE confirms Settlement Service Applications entered by the seller and the buyer. If all details match, TSE approves the use of the Service and conduct settlement process. Both the payment for the transaction and the transfer of the credits are settled through TSE bank account and credit account, in the same manner as J-Credit transactions conducted on the Carbon Credit Market. |
| Settlement date | Sixth business day from day of execution (T+5) |
| Introduction of OTC Trade Settlement Service for Carbon Credits |  |
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Carbon Credit OTC Trade Settlement Service Terms of Use
Please refer to the page below for the Carbon Credit OTC Trade Settlement Service Terms of Use and Terms and Conditions for the Carbon Credit OTC Trade Settlement Service System.