Permanent holding accounts
Permanent holding accounts in the CDM registry are established by Host Party project participants to receive certified emission reductions (CERs) for a CDM project activity from the Executive Board's pending account. They are established at the time of the first issuance of CERs from the project activity.
Applications for holding accounts must be submitted electronically and in hard copy in accordance with the registered modalities of
communication for the project activity. Each application shall contain;
- a completed form to request the opening of a holding account in the CDM
- evidence of the current status of the entity (e.g. certificate of
incorporation and letter of good standing in the case of registered companies);
- evidence that the individual completing the application form has the
authority of the legal entity to do so (e.g. power of attorney, resolution of
the Board/Governing Body of the entity); and
- evidence of the identity of the individuals nominated as representatives of
the account (e.g. national identity cards/passports) (UNFCCC website).