Settled Certificates – All Certificates that were deposited into a Retail Sub-Account or transferred to Reserved Sub-Account, are settled and retired, 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.