Template:Emissions Failure to Transfer or Accept comp: Difference between revisions
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Just what happens if, without excuse, a Delivering Party fails to deliver, or a Receiving Party fails to accept delivery of, Allowances is a key part of any self-respecting | Just what happens if, without excuse, a {{{{{1}}}|Delivering Party}} fails to deliver, or a {{{{{1}}}|Receiving Party}} fails to accept delivery of, {{{{{1}}}|Allowances}} is a key part of any self-respecting emission allowances trading document. Though each [[Carbon Squad]] approaches it in its own charmingly idiosyncratic way, the good ninjas of ISDA, EFET and IETA broadly get to the same place. ''Broadly''. | ||
The provisions are these:<br> | |||
ISDA: Sections {{euaprov|(d)(ii)}} (''{{euaprov|Failure to Deliver}}'')<br> | ISDA: Sections {{euaprov|(d)(ii)}} (''{{euaprov|Failure to Deliver}}'')<br> | ||
EFET: Clause {{efetaprov|8.5}} (''{{efetaprov|Remedies for Failure to Transfer or Accept after Cessation of Suspension Event}}'') <br> | EFET: Clause {{efetaprov|8.5}} (''{{efetaprov|Remedies for Failure to Transfer or Accept after Cessation of Suspension Event}}'') <br> | ||
IETA: Clause 12 (''{{ietaprov|Transfer or Acceptance Failure}}'') | IETA: Clause 12 (''{{ietaprov|Transfer or Acceptance Failure}}'') | ||
Latest revision as of 10:51, 19 October 2023
Just what happens if, without excuse, a {{{{{1}}}|Delivering Party}} fails to deliver, or a {{{{{1}}}|Receiving Party}} fails to accept delivery of, {{{{{1}}}|Allowances}} is a key part of any self-respecting emission allowances trading document. Though each Carbon Squad approaches it in its own charmingly idiosyncratic way, the good ninjas of ISDA, EFET and IETA broadly get to the same place. Broadly.
The provisions are these:
ISDA: Sections (d)(ii) (Failure to Deliver)
EFET: Clause 8.5 (Remedies for Failure to Transfer or Accept after Cessation of Suspension Event)
IETA: Clause 12 (Transfer or Acceptance Failure)