For purposes of this section, the term «cap and trade program» means a system of greenhouse gas regulation under which a State or political subdivision issues a limited number of tradable instruments in the nature of emission allowances and requires that sources within its jurisdiction surrender such
tradeable instruments for each unit of greenhouse gases emitted during a compliance period.
The contango exhibited in Crude Oil in 2009 explains the discrepancy between the headline spot price increase (bottoming at $ 35 and topping $ 80 in the year) and the various
tradeable instruments for Crude Oil (such as rolled contracts or longer - dated futures contracts) showing a much lower price increase.
Not exact matches
The Security Token is an innovation that allows for the digital embedding of financial
instruments into blockchain - based tokens that are
tradeable on compliance, SEC - regulated exchanges.