Template:Nutshell EUA Annex (d)(i)(2): Difference between revisions

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:{{euaprov|(d)(i)(2)}} '''{{euaprov|Delivery}}'''<br>
{{euaprov|(d)(i)(2)}} '''{{euaprov|Delivery}}'''<br>
::(A) {{euaprov|Delivering Party}}’s will discharge its obligation to deliver Allowances under a {{euaprov|Transaction}} transfering the Allowances from its {{euaprov|Holding Account}} in accordance with the {{euaprov|Scheme}}. Such a transfer will be deemed complete when the relevant Allowances are received into {{euaprov|Receiving Party}}’s {{euaprov|Specified Holding Account}} and the risk of loss has transferred to {{euaprov|Receiving Party}}. <br>
:(A) {{euaprov|Delivering Party}} will deliver {{euaprov|Allowance}}s under a {{euaprov|Transaction}} by transferring them from its {{euaprov|Holding Account}} in accordance with the {{euaprov|Scheme}} into the {{euaprov|Receiving Party}}’s {{euaprov|Specified Holding Account}}. <br>
::(B) If {{euaprov|Delivering Party}} has any {{euaprov|Specified Holding Account}}s for the {{euaprov|Transaction}}, its delivery obligation will be limited to deliver from any such {{euaprov|Specified Holding Account}} to the {{euaprov|Receiving Party}}’s{{euaprov|Specified Holding Account}}. <br>
:(B) If {{euaprov|Delivering Party}} has specified a {{euaprov|Specified Holding Account}} for the {{euaprov|Transaction}}, its obligation is limited to delivering from that {{euaprov|Specified Holding Account}} to the {{euaprov|Receiving Party}}’s {{euaprov|Specified Holding Account}}. <br>
::(C) Where {{euaprov|Receiving Party}} has multiple {{euaprov|Specified Holding Account}}s they will be specified in order of preference. {{euaprov|Delivering Party}} must try to deliver to the first one, unless it is prevented from so doing by a {{euaprov|Settlement Disruption Event}} or a {{euaprov|Suspension Event}} affecting that {{euaprov|Specified Holding Account}}. In that case it must try the next one on the list and so on. <br>
:(C) A {{euaprov|Receiving Party}} with multiple {{euaprov|Specified Holding Account}}s will specified them in order of preference. {{euaprov|Delivering Party}} must try to deliver to the first one, unless a {{euaprov|Settlement Disruption Event}} or a {{euaprov|Suspension Event}} affects that {{euaprov|Specified Holding Account}}, in which case it must try the next one, and so on. <br>
::(D) Allowances transferred after 4:00 p.m., Central European Time, on a {{euaprov|Delivery Business Day}} or on a non-{{euaprov|Delivery Business Day}}, will be deemed delivered at 10:00 a.m. CET on the next {{euaprov|Delivery Business Day}}.  Allowances transferred before 10:00 a.m. CET, on a {{euaprov|Delivery Business Day}}, will be deemed to have been delivered at 10:00 a.m., CET, on that day. <br>
:(D) Allowances transferred after 4:00 p.m., Central European Time, on a {{euaprov|Delivery Business Day}} or on a non-{{euaprov|Delivery Business Day}}, will be deemed delivered at 10:00 a.m. CET on the next {{euaprov|Delivery Business Day}}.  Allowances transferred before 10:00 a.m. CET, on a {{euaprov|Delivery Business Day}}, will be deemed to have been delivered at 10:00 a.m., CET, on that day. <br>

Latest revision as of 08:31, 7 July 2023

(d)(i)(2) Delivery

(A) Delivering Party will deliver Allowances under a Transaction by transferring them from its Holding Account in accordance with the Scheme into the Receiving Party’s Specified Holding Account.
(B) If Delivering Party has specified a Specified Holding Account for the Transaction, its obligation is limited to delivering from that Specified Holding Account to the Receiving Party’s Specified Holding Account.
(C) A Receiving Party with multiple Specified Holding Accounts will specified them in order of preference. Delivering Party must try to deliver to the first one, unless a Settlement Disruption Event or a Suspension Event affects that Specified Holding Account, in which case it must try the next one, and so on.
(D) Allowances transferred after 4:00 p.m., Central European Time, on a Delivery Business Day or on a non-Delivery Business Day, will be deemed delivered at 10:00 a.m. CET on the next Delivery Business Day. Allowances transferred before 10:00 a.m. CET, on a Delivery Business Day, will be deemed to have been delivered at 10:00 a.m., CET, on that day.
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