Settled Certificates – All Certificates that were deposited into a Retail Sub-Account, are settled and retired for Compliance purposes, retaining all of their attributes from the time of Certificate creation.
Reserve Certificates - All Certificates that were deposited into the Reserve Sub-Account for voluntary/general purposes, retaining all of their attributes from the time of Certificate Creation.
Unsettled Certificates – All Certificates that were left in Transferable, on the Bulletin Board, or in Banked, at the time of Q4 Trading Period close. All unsettled Certificates are converted into Residual Mix, distributed among the GIS Participants with unmatched Obligation, and retired. Unsettled Certificates do not retain the attributes they had at the time of their Creation. Once converted into Residual Mix, they cannot be undone.