Sufficient Allowances - IETA Provision

IETA Emissions Trading Master Agreement A Jolly Contrarian owner’s manual™ 5.2 in a Nutshell™ The JC’s Nutshell™ summary of this term has moved uptown to the subscription-only ninja tier. For the cost of ½ a weekly 🍺 you can get it here. Sign up at Substack. You can even ask questions! Ask about it here. 5.2 in all its glory 5.2 Sufficient Allowances. In relation to a Transaction and a PTA Quantity, the Delivering Party shall, subject to Clause 13 (Force Majeure and Suspension Event), ensure that there are sufficient transferable Allowances in the Holding Account from which the Transfer is to be effected to ensure that the Transfer Request will be accepted under the System at the time at which it is to be accepted in accordance with this Agreement. edit Comparison See our natty emissions comparison table between the IETA, EFET and ISDA versions of emissions trading docs Resources and Navigation Emissions trading documentation ISDA: EU Anatomy • EU Wikitext • EU Nutshell (premium) • UK Anatomy • UK Wikitext (to be merged into EU Anatomy) IETA: IETA Master Agreement • IETA Wikitext • IETA Nutshell (premium) EFET: EFET Allowances Appendix • EFET Allowances Wikitext • EFET Nutshell (premium) Index: Click ᐅ to expand: ISDA Emissions TOC EUA Annex - Premium Emissions Pro tip: for tons of information about EU ETS and EU financial services regulation see Michał Głowacki’s magnificent emissions-euets.com website. Premium version of this page

Overview

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Summary

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Clause 5.2 undoes a potential banana skin presented by the limitation in Clause 5.1(c), that limits the Delivering Party’s obligation to settling allowances out of its Holding Account. It might have been nice to just not put the banana skin there in the first place, of course, but where would be the fun in that?

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• The JC’s famous Nutshell™ summary of this clause

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See also

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