Once a REC transfer is initiated by the Transferor, the Transferee reviews the Inbox module to accept or reject the new REC Transfer requests.
Accept Certificate Transfer
To accept a REC Transfer, the Transferee takes the following steps:
- In the Account Dashboard, locate the Inbox
- Under the Inbox module, click the quantity hyperlink under Pending Certificates.
- Select the checkbox(es) under the Select All column and click the ‘Confirm’ button to accept the selected REC transfer(s) or click on the Confirm All button to accept all REC Transfers in the Inbox.
- Click the ‘OK’ button to confirm the selection.
- In the Transfer Confirmation screen, select the Sub-Account where the accepted RECs are to be deposited.
Note: All Sub-Accounts displayed in the drop-down beside the Transferrable Status are Compliance Sub-Accounts. Certificates retired in a Compliance Sub-Account (Settled) are “taken out of circulation” and cannot be resettled or moved, nor can the label be changed, for any reasons, once a trading period has ended.
- Click the Accept button to confirm the location where the RECs will be deposited.
- Transferor and Transferee will be notified via email of the confirmed REC Transfer.
Reject Certificate Transfer
To reject a REC Transfer, the Transferee takes the following steps:
- In the Account Dashboard, locate the Inbox
- Under the Inbox module, click the quantity hyperlink under Pending Certificates.
- Select the checkbox(es) under the Select All column and click the ‘Reject’ button to reject the selected REC transfer(s) or click on the ‘Reject All’ button to reject all REC Transfers in the Inbox.
- Click the ‘OK’ button to confirm the selection.
- The rejected RECs will be returned to the Transferor’s GIS account. The Transferor and Transferee will be notified via email of the rejected REC Transfer.
Please visit the Certificate Transfers FAQ page for more information.