Trade Nature Based Avoidance carbon offset units with Abaxx’s JREDD+ futures contract. REDD+ stands for Reducing Emissions from Deforestation and Forest Degradation, and encompasses all activities aimed at protecting forests from deforestation.

Designed for traders and commercial participants, this physically-deliverable benchmark offers reliable price discovery and a better hedging instrument for companies engaging in nature-based carbon projects and offsetting as part of their climate strategies.

Abaxx’s JREDD+ Carbon Offset Unit (RD1) futures contract is a US dollar-denominated, 100 tCO2e contract, deliverable on Verra and Architecture for REDD+ Transactions (ART) registries.

 

Rule Chapter	700
Contract	JREDD+ Carbon Offset Unit Futures
Product ID/Commodity Code	RD1
Contract Unit and Delivery Unit	100 tCO2e of Eligible REDD+ Carbon Offsets
Unit of Measure	tCO2e
Trading Hours (All time Singapore)	Monday through Friday Pre-open session: 0930 hrs to 1000 hrs Normal Market Session: 1000 hrs to 2400 hrs
Minimum Price Movement	USD 0.01 per tCO2e
Listed Contracts	Up to 14 contracts (comprising at least three December contracts and any number of serial (non-rolling) monthly contracts for January through November)
Settlement Method	Physical Delivery
Termination of Trading/Last Trading Day	The second  Business Day preceding the Delivery Date
Delivery Dates	Delivery Date means the date that is the first Business Day of the Contract Month that is not preceded by a Business Day that is a U.S. bank holiday, else it will be the next Business Day that is not preceded by a Business Day that is a U.S. bank holiday.
Reportable Level	25 Lots
Position Limits (Spot Month)	1,000 Lots
Position Accountability Levels (any/all month)	5,000 Lots
Price Limits	Fixed price limits which will be published via circulars
Block Trade Minimum	5
Final Settlement Price	Price determined by the Exchange on the Last Trading Day The Final Settlement Price is the basis for delivery.
Settlement Price Period	Daily Settlement Price: 2225-2230 hrs SGT Final Settlement Price: 2200-2230 hrs SGT