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}}'') | ||