LONDON — 26 April 2022
The Emsurge Carbon Marketplace has originated its first deal, concluded in partnership with the CBL exchange. The trade, for 50,000 REDD credits, was settled through CBL's post-trade processing platform.
Xpansiv's CBL offered a way to finalise the deal quickly while work on the documents for future trades was completed — letting clients move on opportunities without waiting on contractual paperwork.
"By working together with the CBL platform, our clients can choose to streamline post-trade processes and ensure they never miss out on an opportunity due to time-lags, performing know your counterparty, credit and contractual due diligence," said Melissa Lindsay, Founder and CEO of Emsurge.
Emsurge is a UK-based company digitalising traditionally opaque, brokered environmental product markets. Built alongside Emstream brokers, Emsurge captures live market data from hundreds of carbon projects around the world and provides the tools to discover, negotiate and document deals — which then settle where the parties choose, bilaterally or given up to an exchange for clearing.
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