Template:M summ EUA Annex Suspension: Difference between revisions

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A {{euaprov|Suspension Event}} happens when the official infrastructure falls over so that the parties can’t transfer Allowances to settle a {{euaprov|Transaction}}. It is the fault of neither party — therefore to be distinguished from a {{euaprov|Failure to Deliver}}, which generally will be — and while there is overlap between Settlement Disruption Events and suspension Events (in that both are things beyond the parties control) {{euaprov|Suspension Event}}, being narrower and related to the failure of official infrastructure, trumps {{euaprov|Settlement Disruption Event}} where they both apply to the same event. ''[[Generalia specialibus non derogant]]'', I suppose.
A {{euaprov|Suspension Event}} happens when the official infrastructure falls over so that the parties can’t transfer Allowances to settle a {{euaprov|Transaction}}. It is the fault of neither party — therefore to be distinguished from a {{euaprov|Failure to Deliver}}, which generally will be. {{Suspension v Settlement Disruption}}
 
We have compared {{euaprov|Settlement Disruption Events}} and {{euaprov|Suspension Events}} [[Settlement Disruption Event vs Suspension Event - Emissions Annex Provision|here]].

Revision as of 08:33, 13 July 2022

A Suspension Event happens when the official infrastructure falls over so that the parties can’t transfer Allowances to settle a Transaction. It is the fault of neither party — therefore to be distinguished from a Failure to Deliver, which generally will be. While there is overlap between Settlement Disruption Events and Suspension Events (in that both are things beyond the parties’ control) Suspension Event, being narrower and related to the failure of official infrastructure, trumps Settlement Disruption Event where they both apply to the same event. Generalia specialibus non derogant, I suppose.

Note the Long-Stop Date concept, which references 1 June in a year following a set of seemingly arbitrary two-year spells in the Fourth Compliance Period and relates only to Suspension Events, not Settlement Disruption Events, and also appears to bear no relation at all to the Reconciliation Deadline at the end of April in each year.

We have compared Settlement Disruption Events and Suspension Events here.

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