The Global REC Marketplace

Xpansiv currently offers nearly one hundred global voluntary and compliance RECs on its CBL spot market platform. Participants can transact these instruments on the exchange platform or submit privately negotiated deals to be settled through the platform’s post-trade settlement infrastructure. In addition to North American, Australian, and international(I-REC) renewable energy certificates traded on the exchange, Xpansiv’s registry infrastructure provider APX offers voluntary global RECs through its TIGRS product.

I-RECs

CBL enables trading of any I-REC (Electricity) Product Certificates issued under the Evident Code for I-REC (Electricity) credits, which vary based on host country, project type, and vintage.

Trading I-RECs on CBL’s spot exchange provides benefits of transparent price discovery, equal market access by all participants, the ability to trade with hundreds of counterparties without bilateral agreements, prompt settlement, and minimized counterparty credit and performance risks.

More information on trading I-RECs is available in the CBL Markets User Guide.

Registry Partners

FEATURES & BENEFITS
Price Transparency
Users can observe live bids, offers, and transactions across products, providing unprecedented clarity in historically opaque markets.
No Contracting
CBL streamlines REC transactions by taking care of time-consuming contracting and settlement—no paperwork required.
Same-Day Settlement
Our pioneering settlement facility provides same-day settlement of RECs and funds, bringing the T+3 spot market to T+0.
Clear Control
CBL’s intuitive functionality ensures clear ownership and entitlement to RECs and funds for the full transaction lifecycle.
Low Transaction Costs
Our exchange is free to access, with transparent transaction fees—our fee schedule does not change with price fluctuations.
Straight-Through Processing
CBL’s platform provides seamless, intuitive trading.
Reduced Risk
CBL is a central market facilitator providing delivery-versus payment and same-day settlement to reduce counterparty credit/delivery risks.
No Minimum Contract Size
CBL allows you to transact small REC volumes without having to pay an elevated price—minimum contract size is one REC.

Xpansiv® Connect™ is a powerful tool that provides participants with a single account to view your entire environmental asset portfolio-in one place. Xpansiv Connect™ also enables real-time transfer initiation and settlement, including retirement within originating registries. From scheduling, portfolio management, trading, execution, and settlement to comprehensive trade capture, Xpansiv Connect™ is the resource for all of your environmental-market needs.

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Renewable Energy: North America

CBL partners with environmental registries to facilitate the trading of compliance and voluntary Renewable Energy Certificate (REC) contracts, providing same-day clearance and settlement for:

  • NEPOOL GIS
  • PJM GATS
  • ERCOT
  • North American Renewable Registry (NAR)
  • MIRECs
  • NYGATS
ALL PRODUCTS
Explore Further

Please contact us to find out more about Xpansiv’s platform and services. We look forward to speaking with you!

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