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WEEE evidence trading gets easier as Settlement Centre goes live

A Government run Settlement Centre (SC), aimed at smoothing trading in waste electrical and electronic equipment (WEEE) has gone live. The SC, which is available online, could relieve disagreements over how WEEE evidence is traded, as some producer compliance schemes (PCS) had been accused of acting improperly (September 7, October 2 and 19 2007 rwminfo.com). Evidence can now be recorded and monitored against producer obligations. While website project manager Andrew Lyons explained: The final internal and customer testing has been conducted and we aim to go live with the final stage, which will enable evidence trading at the end of this week (December 14 2007). While the SC should clarify the trading system, organisers the Department for Business Enterprise and Regularly Reform (BERR) said: It will not facilitate a trading floor or bidding process for evidence made available for sale, nor will it facilitate the speculative purchase of evidence. Evidence cannot be traded through the SC until it has been deposited into a PCS account. It added: BERR will not intervene in individual negotiations or commercial agreements. The SC will act as a notice board for evidence that PCSs need to trade, opening up surplus evidence to the wider PCS community. BERR added: It is the responsibility of the PCS to make contact with a seller of evidence and complete the necessary financial transaction. Visit the online service at: www.weee-sc.org.uk

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