| Market: | BlueNext |
| Products: | Futures on Carbon |
| Date: | 27 February 2008 |
Announcement
Context and Summary
BLUENEXT is an environmental exchange with global ambitions. BLUENEXT was formed on 21 December 2007 when NYSE Euronext and Caisse des Depot joined forces to create the world's largest exchange for environmental-related products. With climate issues high on the green agenda and carbon becoming an internationally traded commodity, BlueNext plans to play a key role in using markets mechanisms to price and reduce grenhouse gas emissions. BLUENEXT is owned by NYSE Euronext, the majority shareholder with 60%, and Caisse des Dépôts, with 40%. NYSE Euronext has also contributed the business of Powernext Carbon, purchased from Powernext. Caisse des Dépôts has contributed its settlement business.
LCH.Clearnet SA has been requested by BlueNext to provide full CCP Services for transactions executed on the BlueNext platform including OTC clearing.
Products
BlueNext will launch BLUENEXT FUTURES EUA, future contracts on European Union Allowances and BLUENEXT FUTURES CER, futures contracts on Certified Emission
Reduction.
Membership
All Clearing Members already connected to LCH.Clearnet SA’s derivatives clearing system will be accepted for the launch.
More Information
A full presentation of the project will be organised on 6 March 2008 in London.
For further information regarding the CCP Services, please contact your Product Implementation (PI) Manager or your Relationship Manager (see details below).
How to Participate
For members interested in accessing this new service, LCH.Clearnet SA suggests that:
1 – On the 6 March 2008 in London: you may participate to the below mentioned project meeting
2 – Before 10 March 2008: you may send us the form attached in order to declare your membership intention and inform us about the dedicated project/tests entry point
3 – Between 10 and 20 March 2008: you may attend a training session (derivatives clearing system, connectivity,…) organised upon members’ request by contacting your PI Manager. In parallel, you start the procedure to order your e-CCW access card for your connection to the LCH.Clearnet SA’s derivatives clearing system.
4 – From 25 March 2008: you may participate to the free testing period. Testing details will be provided in due course.
For further information, please contact:
your LCH.Clearnet SA Product Implementation manager:
Dorothée Fresneau: +33 (0) 1 70 37 66 05 – dorothee.fresneau@lchclearnet.com
or
your Relationship Manager:
Michel Bokobza: +33 (0) 1 70 37 65 55 – michel.bokobza@lchclearnet.com
Customer and Market Management LCH.Clearnet SA