Transactions

Transactions Information (Kyoto)

The registry system guarantees the exact accounting of the transactions by virtue of the Emissions Trading System, the Kyoto Protocol and Decision No. 406/2009/EC.

"transaction" is any process carried out on the registry system, which includes the transfer of, Kyoto units.

"Internal" transfers of units are those where the origin registry and target registry are the same and "external" are those where the registry is different.

Furthermore, we can distinguish between ordinary and special transfers. Tha cancellation of allowances are considered special transfers.

In order for an Person Holding Account to be able to make an ordinary transfer of units, it is necessary for the target account to be registered on the list of trusted accounts.  The period for appearing on the list of trusted accounts is seven business days (not including Saturdays, Sundays or public holidays), counted from the moment in which the second authorised representative or Additional Authorised Representatives (if applies) approves the task.

For security reasons, generally speaking, the execution of a transfer will involve a delay of 26 hours. This delay is not applicable to special transfers, nor to transfers carried out from a Trading Account to account included in its list of trusted accounts.

Transfers may be initiated at any time, event though they may be processed only within the following time frame: 10:00h – 16:00h, not counting Saturdays, Sundays or bank holidays according to the Target calendar.

We kindly ask you to pause in reading all the recommendations and caveats that are included in the documents attached to the tables included in this section.

Time windows (pdf) Special and Ordinary Transfers (pdf)
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