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	The first Business Day of the Contract Month that is not preceded by a US bank holiday, else it will be the next Business Day that is not preceded by a US 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