A BraveTrace Statement of Position (SoP) records the transaction of New Zealand Energy Certificates (NZ-ECs) between the Production Device(s), managed by the Registrant(s), and the Energy User, managed by the Participant. It serves as a formal statement from BraveTrace that the relevant NZ-ECs have been redeemed by the Participant on behalf of the Energy User. The SoP reconciles the Energy User’s actual electricity consumption with the exact volume of redeemed certificates (rounded up to the nearest MWh), confirming that 100% of that consumption has been matched and covered with verified renewable generation. Once redeemed, the NZ-ECs are removed from circulation and are no longer available for purchase or reassignment. This guarantees that each certificate is only used once.