Template:Emissions comparison table

ISDA EUA Annex	EFET Allowances Annex	IETA Master Agreement
Part [•]. EU Emissions Allowance Transactions (a) Scope (b) ISDA Definitions (c) Multiple Delivery Dates (d) Terms (d)(i) Physical Settlement (d)(i)(1) Settlement (d)(i)(2) Delivery (d)(i)(3) Netting (d)(i)(4) Settlement Disruption Event (d)(i)(5) Suspension Event (d)(ii) Failure to Deliver (d)(ii)(1) Failure to Deliver by Delivering Party (d)(ii)(2) Failure to Comply by Receiving Party (d)(ii)(3) EEP Amount (d)(iii) Partial Settlement (d)(iv) Abandonment of Scheme (d)(v) Invoicing (d)(vi) Requirements under the Scheme (d)(vii) No Encumbrances (d)(viii) Value Added Taxes (d)(ix) No Consequential Loss (d)(x) Other Fees and Expenses (d)(xi) Failure to Deliver (Alternative Method) - EEP Applicable (d)(xii) Specified Holding Accounts and Modifications of Party’s Specified Holding Accounts (e) Defined Terms and Interpretation Administrator Event AEUA Allowance or AEU Allowance Affected Allowance Aircraft Operator Allowance Allowance Forward Transaction Allowance Option Transaction Allowances to be Delivered Allowance Purchase Price Allowance Shortfall Allowance Strike Price Allowance Type Appropriate Source Buyer Buy-In Buy-In Period Calculation Agent Call Central Administrator Central European Time Close-out Cost of Carry Amount Close-out Cost of Carry Delay Close-out Cost of Carry Rate Cost of Carry Amount Cost of Carry Delay Cost of Carry Rate Deadline Shortfall Delayed Delivery Date Delayed Payment Date Delivering Party Delivering Party’s Delivery Business Day Location Delivering Party’s Replacement Cost Delivery Business Day Delivery Date Directive DPRC Shortfall EEP Amount EEP Non-delivery EEP Payment EEP Risk Period Encumbrance Loss Amount End of Phase Reconciliation Deadline EU EU Allowance EUTL or European Transaction Log Excess Emissions Penalty/EEP Expiration Date Final Compliance Date Final Delivery Date Fourth Compliance Period Holding Account Indemnifiable EEP Linking Agreement Long-Stop Date LTSL Member State Multiple Exercise National Administrator No Encumbrance Obligation Notice of Exercise Number of Allowances Number of Options Operator Option Option Entitlement Original Affected Party Payment Date Potential Exercise Date Premium Put Receiving Party Receiving Party’s Delivery Business Day Location Receiving Party’s Replacement Cost Reconciliation Deadline Registries Regulation Registry Registry Operation Relevant Authority Relevant Registry RPRC Shortfall Scheme Seller Seller Business Day Settlement Disruption Event Shortfall Specified Compliance Period Specified Holding Account Suspension Event Trade Date Third Compliance Period Unauthorised Transfer Undelivered Allowances Union Registry VAT VAT Amount VAT Invoice VAT Jurisdiction Written Confirmation	I. General Terms § 1 Subject of Allowances Appendix § 2 Definitions and Construction § 3 Concluding and Confirming Allowance Transactions § 4 Primary Obligations for Delivery and Acceptance of Allowances § 4.1 Delivery, Acceptance and Scheduling Obligations § 4.2 Definition of Schedule § 4.3 Physical Settlement Netting § 4.4 Payment for Allowances § 5 Primary Obligations for Options (as per EFET General Agreement) § 6 Delivery, Measurement, Transfer and Risk § 7 Non-Performance Due to Force Majeure and Suspension Event § 8 Remedies for Failure to Transfer or Accept § 9 Suspension of Delivery (as per EFET General Agreement) § 10 Term and Termination Rights § 11 Calculation of the Termination Amount § 12 Limitation of Liability § 13 Invoicing and Payment § 14 VAT and Taxes § 15 Floating Prices and Fallback Procedure for Market Disruption (as per EFET General Agreement) § 16 Guarantees and Credit Support (as per EFET General Agreement) § 17 Performance Assurance (as per EFET General Agreement) § 18 Provision of Financial Statements and Tangible Net Worth (as per EFET General Agreement) § 19 Assignment (as per EFET General Agreement) § 20 Confidentiality (as per EFET General Agreement) § 21 Representation and Warranties § 22 Governing Law and Arbitration Annex 1 Defined Terms Administrator Event AEUA Affected Allowance Aircraft Operator Allowance Allowances Appendix Allowance Type Allowances Termination Amount Allowance Transaction Applicable Rule(s) Appropriate Source Central Administrator Compliance Period Compliance Year Contract Price Contract Quantity Cost of Carry Amount Cost of Carry Calculation Period Cost of Carry Rate Default Cost of Carry Amount Default Cost of Carry Calculation Period Default Cost of Carry Rate Delayed Delivery Date Delivery Business Day Delivered Quantity Delivery Date Delivery Point Delivery Schedule Directive Encumbrance Loss Amount End of Phase Reconciliation Deadline Emissions Trading Scheme(s EU EUA EU ETS EU ETS Directive EUR-EuroSTR-COMPOUND EUTL or European Union Transaction Log Excess Emissions Penalty or EEP Excess Emissions Penalty Equivalent or EEP Equivalent Expert Fourth Compliance Period Holding Account Index Cessation Effective Date Index Cessation Event Long Stop Date Loss Member State National Administrator Negotiation Period New Tax Non-Member State Non-Taxed Party Operator Original Affected Party Other Tax Participating Agreement Paying Party Payment Cycle Physical Settlement Netting Accounts Receiving Party Reconciliation Deadline Registries Regulation Registry Registry Operation Relevant Authority Relevant Registry Rules SE Affected Party SE Affected Transaction Suspension Event TARGET Settlement Day Tax Taxed Party Third Compliance Period Total Contract Price Transfer Transfer Point Unauthorised Transfer Undelivered EEP Amount or UEA Union Registry Unpaid Amounts Value Added Tax or VAT II: Elections for customization of provisions in the Allowances Appendix	1 Subject of Agreement 2 Interpretation and Construction 3 Confirmation Procedure 4 General Obligations, Representations and Warranties 5 Allowance Transfers 6 Effecting Transfers 7 Option Transactions 8 Effect of Option Exercise 9 Billing and Payment 10 Euros 11 Taxes 12 Transfer or Acceptance Failure 13 Force Majeure and Suspension Event 14 Termination 15 Confidentiality 16 Assignment 17 Liabilities 18 Miscellaneous Schedule 1 Definitions Account Pair Administrator Event Affected Allowance Affected Party Affected Tax Party Affiliate Aircraft Operator Allowance Allowance Price Allowance Type American Option Appropriate Source Automatic Exercise Aviation EU Allowance Banking Day Base Rate Bermudan Option Buyer Buy-In Buy-In Period Call Option Central Administrator Central European Time Change in Tax Law Confidential Information Confirmation Contract Amount Contract Value Control and Profit Transfer Agreement Controlling Party Cost of Carry Amount Cost of Carry Calculation Period Cost of Carry Rate Credit Rating Credit Support Document Credit Support Provider Cross default threshold Default Quantity Defaulting Party Delayed Delivery Date Delayed Payment Due Date Delivered Allowance Volume Delivered Allowances Delivering Party Delivering Party’s Delivery Banking Day Location Delivering Party’s Holding Account Delivering Party’s Replacement Cost Delivery Banking Day Delivery Date Directive Early Termination Date EEP Amount EEP Status Encumbrance Loss Entity EU Allowance EU ETS Rules EU ETS EU EURIBOR Euro European Option EUTL Event of Default Excess Emissions Penalty Exercise Period Expert Expiration Date Expiration Time Final Delivery Date FM Affected Party FM Affected Transaction Fourth Validity Period Force Majeure GHG Reductions GHG Holding Account Illegality Affected Transactions Illegality Affected Party Illegality Indebtedness Letter of Credit Long Stop Date Loss Market Amount Market Quotation Agreement Material Adverse Change Member State Member State Registry Monthly Billing Cycle National Administrator No Encumbrances Obligation Non-Defaulting Party Operator Option Transaction Option Original Affected Party Participation Agreement Party Payment Due Date Performance Assurance Provider Performance Assurance Period Traded Allowance Physically Netted Allowances Positive Mark to Market Amount Potential Exercise Day Premium Premium Payment Date PTA Quantity Put Option Receiving Party Receiving Party’s Delivery Banking Day Location Receiving Party’s Holding Account Receiving Party’s Replacement Cost Reconciliation Deadline Reference Market Maker Reference Price Registries Regulation Registry Registry Operation Registry Pair Relevant Authority Relevant Change in Tax Relevant Entity Relevant Registry Relevant Tax Replacement Allowances Replacement Transactions Requesting Party Required Authorisations Schedule System Seller Shortfall Specified Period Specified Transaction Statement Amount Statement Strike Price Suspension Event Tangible Net Worth Termination Currency Termination Payment Date Termination Payment Total Debt Trade Date Transaction Transfer Request Transfer Unauthorised Transfer Undelivered Allowances UNFCCC Union Registry Unpaid Amounts Validity Period Validity Period Reconciliation Deadline Value Added Tax or VAT Schedule 2 Agreement Information (Elections) Schedule 3A Form of Confirmation for Spot/Forward Transactions Schedule 3B Form of Confirmation for Option Transactions