Forward Physical Trading

NZCX offers forward physical trading for those clients wanting to lock in a price for the sale or supply of units to be delivered and settled across multiple vintages.  

Introduction

NZCX offers forward physical trading terms for domestic NZUs and international CERs. Settlement timing is typically aligned with ETS compliance periods.

[for other unit types we offer bespoke services]

Forward Physical Trading Requirements

Unit Availability
  • NZUs to be sold must be held in the seller's NZEUR holding account or alternatively the seller must be able to demonstrate on request how they plan to source units (e.g. through NZETS allocation or afforestation removal units).
  • CERs to be sold must be held in the seller's NZEUR holding account or an international registry which is linked through the International Transaction Log (ITL), or alternatively the seller must be able to indicate on request how they plan to source units.
Minimum Volume per Trade (parcel size)
  • 20,000 NZUs or
  • 40,000 CERs

 

Settlement

Timing of transfer of units and funds will be dependent on the agreed settlement date(s).

 

How much does it cost?

NZCX charges a volume-related transaction fee.

 

How to trade with NZCX

Client requirements are set out clearly in our engagement checklist.