09 Jun 2014

LEAP Committee Formed for Electronic Confirmation of RINs Trades

June 2014 — Leadership for Energy Automated Processing (“LEAP”) has established a Committee to work on a standard data format for use in the electronic confirmation of Renewable Identification Numbers (“RINs”) trades in the US.  This effort follows a project completed in 2013 that developed a standard master agreement template for trading RINs called the LEAP Master Agreement for Purchasing and Selling Renewable Identification Numbers.

LEAP members, including ICE eConfirm, are working together to identify the data elements and allowable values for the proper capture of individual trade details for ‘RINs-only’ transactions which are governed by a master agreement like the LEAP RINs Master Agreement.  ICE eConfirm expects that this functionality will be available for initial testing in the third quarter of 2014, with availability in the production environment immediately after a successful series of tests by the LEAP committee.

All LEAP members are welcome to join the Committee.

For more information about LEAP Membership or about our Limited Participation option, either visit our Membership Page or else contact us at info@energyleap.org.

LEAP’s mission is to promote efficient and reliable transaction processing within the energy trading industry.  Membership in LEAP is open to energy trading, service and association entities on a nondiscriminatory basis. All members must be legal entities, not natural persons.