The AFMA Environmental Products Committee oversees documentation for spot and forward trading of:
- Renewable Energy Certificates (RECs)
- NSW Greenhouse Gas Abatement Certificates (GACs)
- NSW Energy Saving Certificates (ESCs)
- Queensland Gas Electricity Certificates (GECs)
- Green Power Rights
- Victorian Energy Efficiency Certificates (VEECs)
- Victorian Renewable Energy Certificates (VRECs)
Click here to view (PDF) the Johnson Winter Slattery paper which compares all renewable schemes.
The following documentation materials are available for download:
Spot Contract:
Download the spot contract in Word.
Johnson Winter & Slattery explanatory note commenting on whether the spot contract is a derivative or is subject to IAS 32/AASB 139 and IAS 39.
Trading large volumes and/or forward delivery
The spot document is NOT recommended by AFMA for use when trading significant volumes of Environmnetal Products or when dealing forward.
Under those circumstances the AFMA recommends using ISDA based documentation, as set out in Part 3.11 of the "Guide to Australian OTC Transactions" available by electronic download to subscribers by clicking here.
The draft ISDA® based contract and the Johnson Winter & Slattery explanatory note commenting on whether or not that contract is a derivative under the Corporations Act 2001 or is subject to IAS 32/AASB 139 and IAS 39 as adopted in Australia and whether the commodity is tangible property are no longer available from this section of the AFMA website.
For more information about AFMA's activities in the environmental markets please contact:
Allen Young - Senior Policy Executive, AFMA
Email: ayoung@afma.com.au
Telephone: 02 9776 7941
For information regarding a subscription to the "Guide to Australian OTC Transactions" please contact:
Jacinta Lee - Business Development Manager, AFMA Services
Email: jlee@afma.com.au
Telephone: 02 9776 7932
