ICAP is introducing their Green Certificate electronic trading platform at the REXchange in Amsterdam 8-9 of April. This is the first out of four yearly RECS/GoO certificate auction/trading sessions on ICAP electronic platform. The platform is internet based and built up the same way as our exsisting Global Vision 8 trading platform for power, emission, gas and coal.

At the REXchange 2008, ICAP Energy AS will give a short presentation of the platform followed by a 30 min. auction/trading session for green certificates (RECS/GoO). The session will start with a 15 min auction followed by a 15 min open trading session and all participants at the REXchange are welcome to take part in the event.

Auction Session

During this session there will be predefined volumes and opening prices for various RECS/GoO products available. During the action, the bidders need to enter their prices and volumes into the auction system directly on internett stations at the conferance area or via ICAP representatives. The highest bids, that have crossed the price floor, will be filled in a "best bid first filled principle".*

Trading Session

After the auction, the electronic platform will be open for 15 min in a normal trading platform mode. During this time sellers and buyers can enter new interests, change excisting orders or deal on screen numbers. All screen numbers are firm and tradeable*.

* Settled trades are based on "subject to contract and credit". Contracts are based on underlying RECS standard contract. ICAP will produce broker confirmations for all traded deals. Trading fees to be announced.

Based on the response and conclusion from the action/tracing session, ICAP will inform in detail about the coming electronic trading events for GoO/RECS certificates (dates, trading rules, trading fees etc.).