The RECS International EECS GO Trade Agreement For Single or Multiple Deliveries (Version 2.0) is an update of the standard trade contract it replaces.
While this new agreement will be recognizable to those who have used its predecessor, it also adds a new facility that has been requested by users –the ability to make a trade for GOs that are delivered in either a single batch or in multiple batches.
All GO market participants can access this standard contract and its related guidance as an Adobe .pdf file from the www.recs.orgwebsite. The .pdf file includes editable fields that users can fill with the details of their trade.
Members of RECS International can also request a word version of the standard contract, which they are then free to edit further if they wish.
The Guidance Notes document provides further details on the Trade Agreement.
The standard contract that this guidance note informs was developed by the RECS International Legal Working Group and the law firm DLA Piper. This group of energy traders and lawyers was facilitated by the RECS International secretariat. The Secretariat takes this opportunity to thank them for their commitment to this project.
The EECS GO Trade Agreement can be downloaded below.