Template:M comp disc EFET Allowance Annex 7.1: Difference between revisions
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Functionally, the definition of {{efetaprov|Force Majeure}} is the same in the EFET and IETA versions. Here is a {{diff|77069|77068}}: the differences are to account for the architecture and nomenclature of the different master agreements, though the IETA has a conflict clause favouring Suspension Event over Force Majeure/Settlement Disruption Event, which the EFET does not. | [[Force Majeure - EFET Allowance Provision|Functionally]], the definition of {{efetaprov|Force Majeure}} is the same in the EFET and IETA versions. Here is a {{diff|77069|77068}}: the differences are to account for the architecture and nomenclature of the different master agreements, though the IETA has a conflict clause favouring Suspension Event over Force Majeure/Settlement Disruption Event, which the EFET does not. | ||
The equivalent under the {{emissionsannex}} is the {{euaprov|Settlement Disruption Event}} — so called because there is already a Force Majeure under the {{isdama}} so the ’squad had to call their version something else. | The equivalent under the {{emissionsannex}} is the {{euaprov|Settlement Disruption Event}} — so called because there is already a Force Majeure under the {{isdama}} so the ’squad had to call their version something else. | ||
Here, for good order, is a comparison of Force Majeure under the {{efetannex}} and {{euaprov|Settlement Disruption Event}} under the {{emissionsannex}}. | Here, for good order, is a comparison of Force Majeure under the {{efetannex}} and {{euaprov|Settlement Disruption Event}} under the {{emissionsannex}}. | ||
Revision as of 15:27, 28 July 2023
Functionally, the definition of Force Majeure is the same in the EFET and IETA versions. Here is a comparison: the differences are to account for the architecture and nomenclature of the different master agreements, though the IETA has a conflict clause favouring Suspension Event over Force Majeure/Settlement Disruption Event, which the EFET does not.
The equivalent under the ISDA EU Emissions Annex is the Settlement Disruption Event — so called because there is already a Force Majeure under the ISDA Master Agreement so the ’squad had to call their version something else.
Here, for good order, is a comparison of Force Majeure under the EFET Allowances Annex and Settlement Disruption Event under the ISDA EU Emissions Annex.