Creating a New Forward Certificate Transfer

Once projects are approved in NC-RETS, Transferors can create Forward Certificate Transfers by taking the following steps:

1. In the Account Dashboard, locate the Recurring Transfers. 

2. Under the Recurring Transfers module, select on the ‘Create Forward Certificate’ hyperlink as pictured below:

3. In the New Forward Certificate Transfer screen, fill out all applicable fields

3. 1. Forward Certificate Name: Enter a name for the Transfer. The name will be the account holder's choice.
   2. Project: Designate Project to source the certificates from.
   3. Type of Forward Transfer: Designate the radio button for the appropriate type of transfer and then select the specific subaccount from dropdown (Essentially, you are indicated where the certificates will be going):
      1. Active Subaccount: Intra Account Transfers
      2. Retirement Subaccount: Intra Account transfers
      3. Account Holder: For transfers to another Account Holder, select the Account Holder the Certificates will be transferred to
   4. Percent or Fixed: Designate one of the following:
      1. A fixed number of Forward Certificates to be transferred each month, or
      2. The percentage of Certificates that will be transferred each month (you likely need to select 100%)
   5. Begin and End Vintage: The first vintage (month/year) that the Forward Certificate Transfer will be executed for and the end vintage representing the last transfer in the Forward Certificate Transfer transaction;
      1. Please note that Forward Transfers will not transfer certificates for vintages that have already been issued. (If you have a 20 year contract you can set up your Forward transfer from 10/2016 – 10/2036). If you do not know what vintage to enter in, reach out to your counterparty so you can discuss the correct vintage. The NCRETS administrator will not have this information.
   6. Priority: Enter the priority of the Forward Certificate Transfer relative to any other Forward Certificate Transfers, if applicable.
      1. If you leave the Priority as the defaulted 0, NC-RETS will assign the Priority in the order in which the Forward Transfer was received.
   7. All or Nothing: Selecting the All or Nothing radio button will only transfer certificates when all the designated certificates are available to be transferred.
      1. For example, if I designate 100 certificates to transfer each month, but I only generate 99 MWh, the Forward Transfer will not process.
   8. Partial Fill: Selecting Partial Fill will transfer the certificates that are available, even if there is not enough to fulfill the Forward Transfer.
      1. For Example, if I designate 100 certificates to transfer each month, but I only generate 99 MWh, the Forward Transfer will process 99 certificates.

4.  Select on the [Save] button to create a new Forward Certificate Transfer.

Note: After a new Forward Certificate Transfer is created, it will be in a ’Pending’ status until the Transferee accepts/rejects the terms.  Both the Transferor and Transferee will receive an email notification regarding the Forward Certificate Transfer. Contact the Transferee does not accept the Forward Transfer or rejects it.