Template:M comp disc EFET Allowance Annex Default Cost of Carry: Difference between revisions

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(Created page with "To be contrasted with the equivalent provision in the ISDA Annex, section {{euaprov|(d)(ii)(1)}} and {{euaprov|(d)(ii)(2)}}, which gets into all this malarkey about {{efetaprov|Default Cost of Carry Amount}}s (only it describes them as a {{euaprov|Close-out Cost of Carry Amount}}s), and in the IETA, clause {{ietaprov|12}}.")
 
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To be contrasted with the equivalent provision in the ISDA Annex, section {{euaprov|(d)(ii)(1)}} and {{euaprov|(d)(ii)(2)}}, which gets into all this malarkey about {{efetaprov|Default Cost of Carry Amount}}s (only it describes them as a {{euaprov|Close-out Cost of Carry Amount}}s), and in the IETA, clause {{ietaprov|12}}.
{{emissions Failure to Transfer or Accept comp|efetaprov}}

Latest revision as of 10:43, 19 October 2023

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 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)

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