Template:M comp disc IETA Suspension Event and 13: Difference between revisions
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{{emissions same comp|Suspension Event}} As an extra treat, here are some deltaviews: <br> | |||
IETA vs EFET: {{diff|77080|77075}} <br> | |||
ISDA vs IETA: {{diff|77082|77075}} <br> | |||
=== Definition === | === Definition === | ||
{{M comp disc IETA Suspension Event}} | {{M comp disc IETA Suspension Event}} | ||
=== Clause === | === Clause === | ||
{{M comp disc IETA 13}} | {{M comp disc IETA 13}} | ||
Latest revision as of 15:51, 16 October 2023
The definition of Suspension Event is more or less the same in all three emissions trading documentation regimes. Compare:
ISDA: Suspension Event
IETA: Suspension Event
EFET: Suspension Event
As an extra treat, here are some deltaviews:
IETA vs EFET: comparison
ISDA vs IETA: comparison
Definition
The obvious comparison is with Suspension Event in the ISDA EU Emissions Annex, which is strikingly similar:
Suspension Event: Means any date a party to the Agreement is unable to perform its delivery or acceptance obligations under and in accordance with an EU Emissions Allowance Transaction and the Scheme through a Relevant Registry as a result of the occurrence of any of the following events:
- (i) absence of Registry Operation; or
- (ii) the occurrence of an Administrator Event.
Clause
You will recognise “Suspension Event” from the IETA Master Agreement and the ISDA EU Emissions Annex, and “Force Majeure” from the IETA Master Agreement and the EFET Allowances Appendix, and indirectly in the ISDA EU Emissions Annex, where it goes by the name of “Settlement Disruption Event”, but is largely the same.