Carrying out transactions

For accounts in the Danish EU ETS Registry there are two types of transactions, trusted transactions and direct transactions. Read more about these two transaction types here below and about transactions in the Danish Kyoto Registry and about transactions between the EU ETS Registry and the Swiss Emission Trading Registry.

Trusted transactions (transfers to accounts on the trusted account list)

The default setup for holding accounts requires two account representatives to execute transactions to accounts on the trusted account list. One account representative with initiating right and another one with approving right. However, an Account holder can apply to change the setup on account(s) so that trusted transactions can be executed by one account representative with initiation and approval right.

An application for allowing transactions to accounts on the trusted account list to be executed by only one account representative, must be sent to The Danish Business Authority. For further information contact The Danish Emission Trading Registry.

Be aware that trusted transactions, executed by one account representative cannot be stopped.

Trusted transactions involving two account representatives cannot be stopped after it has been approved by the second account representative.

Direct transactions (transfers to accounts not listed on the trusted account list)

Accountholders of operator holding accounts and aircraft operator holding accounts, can apply to change the setup on their account(s) so that transactions may be executed directly to an account that is not on the list of trusted accounts. This option is default setup for Trading accounts.

Direct transactions always require two account representatives involved. 

  • One account representative with initiating right and another one with approving right 
  • One account representative with initiating right and another one with initiating/approving right 
  • One account representative with initiating/approving right and another one with approving right 
  • Two account representatives with initiating/approving right
An application for allowing direct transactions on holding accounts must be sent to The Danish Business Authority. For further information contact The Danish Emission Trading Registry.

Transactions in the Kyoto registry

For Kyoto accounts there is a difference between whether an account only has account representatives (AR) or if one or more additional account representatives (AAR) are attached to an account.

If no additional account representative (AAR) is attached to an account, an account representative (AR) can carry out transactions without the approval of another AR by using the trusted accounts function. 

If additional account representatives (AARs) have been designated, they must approve all transactions.

An AAR cannot initiate transactions.

The account holder is free to choose whether to associate AARs with its account. If one or more AARs have been designated, however, they must be used.

The designation of one or more AARs means that the initiation by an AR of a transaction to an account on the list of trusted accounts must be approved by an AAR. This is a "four-eyes principle" in which the AAR serves as an extra security measure.

Transactions between the EU ETS Registry and the Swiss Emission Trading Registry

It is possible to perform both direct transaction and trusted transactions between the EU ETS Registry and the Swiss Emission Trading Registry and the procedure follows the same rules as for transactions between EU accounts. 

You can read more about direct- and trusted transactions on this page in the sections “Direct transactions (transfers to accounts not listed on the trusted account list)” and “Trusted transactions (transfers to accounts on the trusted account list)”.

Transaction that can be performed between the two registries

  • Transfers of EU General Allowances (EUA), EU aviation allowances (AEUA), Swiss general allowances (CHU) and Swiss aviation allowances (CUHA) to the Swiss Emission Trading Registry
  • Transfers og EU General Allowances (EUA), EU aviation allowances (AEUA), Swiss general allowances (CHU) and Swiss aviation allowances (CUHA) to the EU ETS Registry.
  • Transfers of Swiss allowances between EU accounts.