Delivering Party - Emissions Annex Provision: Difference between revisions
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EU Emissions Allowance Transaction Annex to the 2005 ISDA Commodity Definitions
Section Delivering Party in a Nutshell™ Use at your own risk, campers!
Full text of Section Delivering Party
Comparison See our natty emissions comparison table between the IETA, EFET and ISDA versions of emissions trading docs
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Content and comparisons
Template:M comp disc EUA Annex Delivering Party
Summary
Dear old ISDA’s crack drafting squad™ have even managed to make a dog’s breakfast of this, by introducing two terms for the same party, depending on its role in the Transaction, and the type of Transaction.
One may be either a Buyer or a Seller; in a Forward, the Buyer always receives and the Seller always delivers.
But for an Option, depending on whether it is a Call or a Put, a Buyer may be a Delivering Party or a Receiving Party.
It all seems a bit much like hard work, doesn’t it. Not helped by the terms being used differently in the IETA Master Agreement and EFET Allowances Appendix.
See also
Template:M sa EUA Annex Delivering Party