{"ok":true,"simulationOnly":true,"handbook":{"handbookId":"carbon-credit-handbook","title":"Carbon Credit Transaction Handbook","subtitle":"Verification, Sale, and Retirement Workflows","version":"1.0.0","lastUpdated":"2026-04-28","coverDisclosure":"TROPTIONS does not provide custody, exchange services, brokerage, money transmission, investment advice, or carbon offset guarantees. All platform functions are simulation-only until required approvals (provider, legal, compliance, signer, and board) are in place. This document is for informational purposes only and does not constitute an offer to sell or a solicitation to buy any security, commodity, or financial instrument.","transactionTypes":["Carbon Credit Sale","Carbon Credit Retirement"],"sections":[{"sectionId":"overview","title":"Overview and Scope","content":"This handbook covers the process for recording, verifying, selling, and retiring carbon credits on the TROPTIONS platform. TROPTIONS does not guarantee carbon neutrality, offset validity, registry acceptance, price, liquidity, or resale value. Credits must be independently verified and registered in a recognised registry (Verra VCS, Gold Standard, ACR, or equivalent) before any transaction."},{"sectionId":"registry_standards","title":"Registry Standards and Verification","content":"Accepted registries include Verra Verified Carbon Standard (VCS), Gold Standard, American Carbon Registry (ACR), and Climate Action Reserve (CAR). Credits must be in 'Issued' status in the registry, not yet retired. The seller must demonstrate control of the registry account holding the credits. Third-party verification (by a Verra-approved or equivalent verification body) is required before credits can be sold or pledged."},{"sectionId":"retirement","title":"Retirement Rules","content":"Retirement is permanent and irreversible. Retired credits cannot be resold, transferred, or re-used for any purpose. Before executing a retirement instruction, the instructing party must acknowledge in writing that they understand the irrevocability. The beneficiary entity on whose behalf credits are retired must be specified. TROPTIONS records a retirement event but does not issue carbon-neutral certificates; those are issued directly by the registry."}],"documentChecklist":[{"id":"registry_cert","item":"Carbon Registry Certificate (unretired status confirmed)","mandatory":true},{"id":"project_docs","item":"Project Documentation (MRV plan, methodology)","mandatory":true},{"id":"verification_report","item":"Third-Party Verification Report from accredited body","mandatory":true},{"id":"custody_proof","item":"Proof of Registry Account Custody / Ownership","mandatory":true},{"id":"retirement_status","item":"Registry-issued Confirmation: Credits NOT Yet Retired","mandatory":true},{"id":"kyc_id","item":"Identity Proof (KYC) for seller and buyer","mandatory":true},{"id":"retirement_instruction","item":"Signed Retirement Instruction (retirement transactions only)","mandatory":false},{"id":"beneficiary_decl","item":"Beneficiary Declaration (retirement transactions only)","mandatory":false}],"workflowSteps":[{"step":1,"title":"Registry Verification","description":"TROPTIONS confirms credits in the specified registry, verifies unretired status, and hashes registry certificate for evidence.","approvalRequired":false,"blockingIfIncomplete":true},{"step":2,"title":"Additionality Review","description":"Compliance team reviews project for genuine emissions reduction, additionality, and permanence. Flags any concerns for provider review.","approvalRequired":true,"blockingIfIncomplete":true},{"step":3,"title":"KYC / AML Screening","description":"Both seller and buyer are screened. For retirement, the instructing party and beneficiary are screened.","approvalRequired":true,"blockingIfIncomplete":true},{"step":4,"title":"Agreement Signatures","description":"Parties sign the carbon credit sale or retirement instruction using their wallet. Signatures are recorded with document hash and timestamp.","approvalRequired":true,"blockingIfIncomplete":true},{"step":5,"title":"Escrow Funding (sale only)","description":"Buyer deposits payment; seller deposits credit token into escrow. For retirements, no escrow is required.","approvalRequired":false,"blockingIfIncomplete":false},{"step":6,"title":"Control Hub Approval","description":"Final governance approval from TROPTIONS Control Hub.","approvalRequired":true,"blockingIfIncomplete":true},{"step":7,"title":"Transfer or Retirement","description":"Credits are transferred to buyer (sale) or retired in the registry (retirement). TROPTIONS records the outcome in the audit log.","approvalRequired":false,"blockingIfIncomplete":false}],"smartContractOverview":"Carbon Registry Contract: records credit metadata, project ID, registry CID, and unretired/retired status. Escrow Contract (sale): holds payment until transfer is confirmed. Retirement Contract: records irreversible retirement instruction with beneficiary and timestamp.","legalDisclosure":"Carbon credits are environmental asset records. TROPTIONS does not guarantee offset quality, regulatory acceptance, or environmental benefit. Consult an environmental attorney and a carbon market specialist before transacting.","contactInfo":"For compliance inquiries: compliance@fthtrading.com."}}