Transaction in BidCarbon removal units

Last updated 2 May 2024

● Log in to BUC Registry

● Decide what type of transaction you want to make

Start transaction

BRU contract delivery or relinquishment

These transactions can only be initiated via notifications displayed on the "Messages" page in the Member Centre.

● Select the relevant notification

● Select ‘view details’ button of the delivery notification that you wish to action

● Select start transaction

How to transfer

Once the transaction details are complete, the account holder's email address will receive a summary of the transfer transaction to be submitted, including the from (transferring) and to (acquiring) accounts.

● Select 'submit transaction' for approval for the transaction to proceed

● Confirm the transaction by entering your password, then select the ‘submit transaction for approval’ button.

● The PIN to approve the transfer will be emailed to all approvers for this account. They must approve this transaction or it won't be actioned.

Review and submit the transaction for approval

Authorised representative approval

The authorised representative with approver permission will receive an email with a PIN. They have to enter the PIN and approve or cancel the transaction.

● Log in to BUC Registry

● Select the ‘CDR Exchange’ menu heading

● Select the ‘transaction log’ from the menu

● Use the ‘transaction ID’ and PIN to locate the transaction for approval

● Confirm transaction details are correct

● Enter the PIN and approve the transaction

● The transaction is complete.

Transaction types in BUC Registry

The BUC Registry handles transactions of units and certificates. Accounts have different permissions. This ensures that different types of account holders have appropriate access and control. It also helps to maintain security and operational efficiency.