Template:Emissions force majeure overview: Difference between revisions
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{{ | Functionally, the definitions of “{{efetaprov|Force Majeure}}” under the [[EFET Allowances Annex|EFET Annex]] and the [[IETA Master Agreement|IETA]], and “{{euaprov|Settlement Disruption Event}}” in the {{euadefs}} are the same. | ||
Here is a {{diff|77069|77068}} between IETA and EFET, and here is a {{diff||}} between EFET and ISDA. | |||
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 {{euadefs}} is called a {{euaprov|Settlement Disruption Event}} because there is already a {{isdaprov|Force Majeure}} under the {{2002ma}} so the ’squad had to call their version something else. | |||
Revision as of 15:02, 7 September 2023
Functionally, the definitions of “Force Majeure” under the EFET Annex and the IETA, and “Settlement Disruption Event” in the ISDA Emissions Annex are the same.
Here is a comparison between IETA and EFET, and here is a comparison between EFET and ISDA.
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 Emissions Annex is called a Settlement Disruption Event because there is already a Force Majeure under the 2002 ISDA so the ’squad had to call their version something else.