Template:M summ EUA Annex Final Delivery Date: Difference between revisions
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{{euaprov|Final Delivery Date}} is only relevant on a {{euaprov|Failure to Deliver}} — in the ordinary course, the date at the end of the {{euaprov|Transaction}} where the {{euaprov|Seller}} delivers up the EUAs is just a plain old {{euaprov|Delivery Date}} — even ~ sigh ~ if it also is a {{euaprov|Delayed Delivery Date}}. You get the sense [[the ’squad]] was having a bit of a crisis of confidence when they put this Annes together, don’t you. | {{euaprov|Final Delivery Date}} is only relevant on a {{euaprov|Failure to Deliver}} — in the ordinary course, the date at the end of the {{euaprov|Transaction}} where the {{euaprov|Seller}} delivers up the EUAs is just a plain old {{euaprov|Delivery Date}} — even ~ sigh ~ if it also is a {{euaprov|Delayed Delivery Date}}. You get the sense [[the ’squad]] was having a bit of a crisis of confidence when they put this Annes together, don’t you. | ||
===What is the relevance of the {{euaprov|Final Delivery Date}}?=== | |||
The final delivery date is relevant in the context of a failure to deliver and it is designed to give a window to remedy that failure to deliver before a {{euaprov|Reconciliation Deadline}}. This is designed to fall inside the period in which counterparties which are physical operators and who actually need to surrender the {{euaprov|EUA}}s to offset their actual carbon emissions can still surrender their EUAs and avoid an [[Excess Emissions Penalty - Emissions Annex Provision|excess emission penalty]] under the terms of the {{euaprov|EU ETS}}. So, in a nutshell, your final delivery date is two days after you notified of your {{euaprov|Failure to Deliver}} or, if earlier than that, the {{euaprov|Reconciliation Deadline}}, which is April 30 every year. | |||
Latest revision as of 15:22, 20 July 2022
Final Delivery Date is only relevant on a Failure to Deliver — in the ordinary course, the date at the end of the Transaction where the Seller delivers up the EUAs is just a plain old Delivery Date — even ~ sigh ~ if it also is a Delayed Delivery Date. You get the sense the ’squad was having a bit of a crisis of confidence when they put this Annes together, don’t you.
What is the relevance of the Final Delivery Date?
The final delivery date is relevant in the context of a failure to deliver and it is designed to give a window to remedy that failure to deliver before a Reconciliation Deadline. This is designed to fall inside the period in which counterparties which are physical operators and who actually need to surrender the EUAs to offset their actual carbon emissions can still surrender their EUAs and avoid an excess emission penalty under the terms of the EU ETS. So, in a nutshell, your final delivery date is two days after you notified of your Failure to Deliver or, if earlier than that, the Reconciliation Deadline, which is April 30 every year.