How-To: Automatic Recurring Transfers and Irrevocable Transfers

(Formerly known as Forward Transfers and Standing Orders)

After logging in, select ‘Transactions’ on the left. You will now see there are three options on this page: Pending, History, and Recurring. Select Recurring. This is where you will see your recurring transfers.

This article is broken up into steps in order to combine all possible transfers into one document.

• Click on ‘Add Recurring Transfer’

Select Generator

• You will now see a list of your generators and a calendar. Once a generator is selected, you will see fuel(s) related to said generator.

Select Vintage Dates

• Select your certificate vintage start date and end date. Your transfer will be sent every month during the calendar timeframe selected.
• If your project is a multi-fuel generator, select a fuel type for your transfer. For multi-fuel generators, the automatic recurring transfer will only pertain to one fuel type.
• Click 'Next'.

Select Transfer Option

• The next page will determine where you would like the RECs to go.

Internal Transfers

Select your account(s) from the menu. If you select multiple, you will see them populate at the bottom of the screen.

• Enter a percentage split based on your accounts. **NOTE**: They must add up to 100%.
• You can drag the different accounts to reprioritize them. In the event the quantity to be transferred does not divide evenly it will send the majority to the first listed account.
• The system will display when a remainder has been assigned to an account.
• Click 'Review Transfer'

External Transfers to other M-RETS Organizations

• The next page will determine where you would like the RECs to go. For this example, we are choosing “to another M-RETS organization”. Please scroll to the next header for an Export.
• Select the organization to which you would like to transfer.
• Enter in a percentage of RECs to transfer
• When everything looks correct, select ‘Review Transfer’.

NOTE: Recipient organizations are still required to accept automatic transfers.

• You should get an email notification that the transfers are completed. If you didn’t, might I suggest checking your notification preferences? Our guide to notifications preferences can be found here.

Exports

• Select the system to which you are planning to export from the dropdown menu.
• Enter the recipient Account Holder.

Set RECs Amounts and Irrevocable Transfers

You can set either a percentage generation or a set amount of RECs to automatically transfer.

Automatic Recurring Transfers can be set as Irrevocable during the confirmation of the transfer. Simply check the box labeled “Set Irrevocable”, and your transfer will be set this way.

• Verify all of your information is correct and click 'Complete Transfer'. More free time = more tea time!

PLEASE NOTE: ONLY THE M-RETS SYSTEM ADMINISTRATOR WILL BE ALLOWED TO EDIT IRREVOCABLE TRANSFERS

Complete!

• You should get an email notification that the transfers are completed. If you didn't, might I suggest checking your notification preferences? Our guide to notifications preferences can be found [here](https://help.mrets.org/user-and-permissions-management/email-notifications).

There you have it! With all that extra free time, might I suggest checking out some of our other walkthroughs like Withdrawing/Accepting/Rejecting Transfers or View the Status of Current and Past Invoices?