Carbon Asset Administration
Our asset administration services include
• Administration and structuring of carbon investment vehicles
• Administration of emission reduction purchase agreements (ERPA)
• Monitoring and administration of exchange-traded and over-the-counter (OTC) transactions
• Management of accounts including cash and collateral accounts
• Documentation and reporting
First Climate uses its extensive experience in domiciliation to the benefit of its investors. It takes on the complete range of administrative tasks for these carbon vehicles, including processing of communications, meeting schedules, contract administration and external reporting as prescribed by the Luxembourg Financial Supervisory Authority.
ERPA portfolios require constant monitoring. First Climate takes on this task on behalf of its clients. It keeps track of sellers’ obligations and deals with any problems or delays, while ensuring that investors are kept abreast of current events. It monitors the portfolio at every stage of the project cycle to ensure any deviation from the ERPA is discovered early on and implements hedging measures to deflect any consequences for the portfolio.
Extensive experience in monitoring exchange-traded as well as OTC transactions and the standardization of processes allow First Climate to execute clients’ transactions efficiently, even at high volumes. Depending on the fund structure chosen, First Climate accesses renowned and licensed third party custodians and has longstanding relations with leading international banking houses in Luxembourg as well as in other domiciles.
In all reporting First Climate adheres to the highest standards of the Luxembourg Financial Supervisory Authority. Depending on the vehicle chosen and the requirements of the investor, First Climate prepares investor reports on a regular as well as on an ad-hoc basis.
