
ISDA Publishes REC Annex
The International Swaps and Derivatives Association (ISDA) is launching and publishing the ISDA U.S. Renewable Energy Certificate Annex (REC Annex), which is designed to serve as an industry standard template to enable market participants to efficiently sell and purchase renewable energy certificates (RECs) under the ISDA Master Agreement. The REC Annex is part of ISDA's broader efforts to facilitate the transition to a sustainable economy by offering a vital tool to help market participants mobilize financing and/or meet their environmental, social, and governance (ESG) goals. Jones Day advised on and prepared the REC Annex as ISDA's counsel.
The Commentary and Annotated ISDA REC Annex discusses the purpose and benefits of the REC Annex and provides an annotated version of the REC Annex with explanatory footnotes to further guide market participants on select provisions in using the REC Annex.
Read the Commentary and Annotated ISDA REC Annex
See ISDA's interview with Dickson Chin, Partner in the Firm's New York Office, discussing the REC Annex
See the REC Annex
Jones Day publications should not be construed as legal advice on any specific facts or circumstances. The contents are intended for general information purposes only and may not be quoted or referred to in any other publication or proceeding without the prior written consent of the Firm, to be given or withheld at our discretion. To request reprint permission for any of our publications, please use our “Contact Us” form, which can be found on our website at www.jonesday.com. The mailing of this publication is not intended to create, and receipt of it does not constitute, an attorney-client relationship. The views set forth herein are the personal views of the authors and do not necessarily reflect those of the Firm.