Deutsche sets up carbon securities service
The multi-currency, multi-market custody and settlement service reduces risk by settling carbon credits simultaneously against cash.
Deutsche Bank has initiated a custody, clearing and settlement service for carbon credits.The service facilitates the exchange of carbon credits among investors and other participants in the carbon trading market and provides a custody and safekeeping service. It will cover carbon credit instruments issued under both the European Union Emissions Trading Scheme and the Clean Development Mechanism set up under the Kyoto Protocol.Deutsche Bank says the offering reduces the settlement ris…
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