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2008-02-26 - LCH.Clearnet and LEBA announces launch date for OTC emissions clearing

London, 25th February 2008

Friday 29th February will see the launch of the OTC cleared Carbon EUA and CER contracts.

Stewart Lloyd-Jones, Chief Executive at LEBA, added: “LEBA is delighted to work with LCH.Clearnet in the provision of cleared CER and EUA OTC contracts. This service will allow for margin offsetting between the two contracts, and we believe will provide still further momentum and opportunities for market participants in the rapidly expanding carbon markets.”

The LEBA firms participating in this initiative are Cantor CO2e, GFI, ICAP, Spectron and Tullet Prebon Energy.

For further information please call one of the particiapting brokers or Stewart Lloyd-Jones, CEO LEBA.

Tel: +44 (0) 207 7200 7292