14:12 04 May 25
CDM Registry
Temporary holding accounts |
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The CDM registry has established temporary holding accounts for project participants with authorisation from an Annex I Party (country) wishing to receive CERs and whose national registry is not yet connected to the ITL. (http://unfccc.int/resource/docs/cop10/02.pdf paragraph 57).
Decision 17 CP/2001/13/Ad.2 states:
Up to three account representatives can be nominated for a temporary holding account (see section Application for a holding account in the CDM registry for more information) and each one of them is entitled to a user name in the CDM registry that allows online access to the holding account (see section Application for a user name in the CDM registry for more information).
Each temporary holding account is associated with one specific holding account in the national registry of the Party that provided the Letter of Authorisation (LOA) for the participation of the entity in a given CDM project activity. As soon as the corresponding national registry is fully connected to the ITL the CDM registry forwards all the CER units held in the temporary holding account to the associated account in the acquiring national registry in coordination with the counterpart registry. The details of this process is provided to all account representatives once the connection of the national registry has been confirmed by the ITL administrator.
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