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Markets

PRN markets on t2e

t2e runs three markets for Packaging Recovery Notes (PRNs) and Packaging Export Recovery Notes (PERNs). Each uses standard contract terms, a minimum trade of 1 tonne and a minimum price movement of £0.05 per tonne.

  • Spot: buy or sell at an agreed price and volume for immediate delivery and settlement. Buyers receive PRNs, and sellers receive funds, within 7 trading days of the trade.
  • 28 Day Rolling: agree the price and volume today, with settlement and delivery 28 calendar days later.
  • Forward: agree the price and volume today for delivery on a set future date. t2e runs five forward markets up to a year ahead, expiring in April, July, October, December and January. Both sides pay a 10% deposit.

Contract specifications, pricing and settlement timetables for each market are in the FAQ.

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See what others say about t2e

  • “t2e are a vital part of the compliance infrastructure. By providing a transparent and easy-to-use trading platform they give clarity in what can be an otherwise obscure marketplace.”

  • “The whole t2e setup is fantastic and a necessity for my business to succeed. The team in Edinburgh are a delight to work with.”

  • “t2e run a very efficient service, helping us sellers understand the market and achieve an appropriate price for our PRNs.”

Contact us

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The Environment Exchange
Hudson House
8 Albany Street
Edinburgh
EH1 3QB
United Kingdom

General enquiries

Phone: +44 (0) 131 526 3023
Email: info@t2e.co.uk

Trading

Phone: +44 (0) 131 526 3040
Fax: +44 (0) 131 473 2326

To join

Phone: +44 (0) 131 526 3040
Fax: +44 (0) 131 473 2326

Settlement

Phone: +44 (0) 131 526 3041

“t2e” and “The Environment Exchange” are trademarks of The Environment Exchange Ltd. Registered in Scotland, company number SC225230. VAT number 804 1331 78.