Deutsche Bank Trust and Securities is exclusive clearing and settlement provider for Greenmarket

Source: Deutsche Bank

Deutsche Bank's Trust & Securities Services, part of the Bank's Global Transaction Banking division, has been mandated by the Börse München to act as the exclusive provider of a same day clearing and settlement solution for greenmarket; the new carbon spot trading exchange established under the umbrella of the Börse München.

Deutsche Bank will provide the robust automated infrastructure that is central to the efficient clearing and settlement of exchange-traded carbon certificates. The exchange clearing and settlement platform is an addition to Deutsche Bank's suite of post-trade carbon services including escrows, custody and administration for carbon offset project finance deals.

"We are pleased to have the opportunity to provide the Börse München with carbon credit clearing and settlement for greenmarket," said Graham Cox, the European Head of Product Management for carbon administration services at Deutsche Bank. "This mandate further cements Deutsche Bank's position as a leading provider of administration services to a diverse range of participants in the carbon space."

Andreas Schmidt, CEO of the Börse München added, "Deutsche Bank's Trust & Securities Services is the ideal clearing and settlement partner for Börse München. We believe this collaboration will create, in greenmarket, the perfect trading and settlement platform for the carbon market."

Trading commences on 2 October, 2009.

Comments: (0)