Template:M summ EUA Annex Allowances to be Delivered: Difference between revisions

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(Created page with "A key to part of the complexity in the Emissions Annex. Whether your Transaction is an Option or a Forward, on a settlement date ''one'' of you has to pay an amount of money, and the ''other'' has to deliver a quantity of Allowances. {{euaprov|Option}}s with multiple exercise dates are treated as a single unitary transaction — this figures, because American options can be partly exercised on any day, whereas {{euaprov|Forward}}s settle on a single day that doesn’t ad...")
 
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A key to part of the complexity in the Emissions Annex. Whether your Transaction is an Option or a Forward, on a settlement date ''one'' of you has to pay an amount of money, and the ''other'' has to deliver a quantity of Allowances. {{euaprov|Option}}s with multiple exercise dates are treated as a single unitary transaction — this figures, because American options can be partly exercised on any day, whereas {{euaprov|Forward}}s settle on a single day that doesn’t adjust. So para {{euaprov|(c)}} says where you have multiple settlement dates on a {{euaprov|Forward}}, you just treat each one as a separate {{euaprov|Transaction}}.
[[Allowances to be Delivered - Emissions Annex Provision|A]] key to part of the complexity in the Emissions Annex. Whether your Transaction is an Option or a Forward, on a settlement date ''one'' of you has to pay an amount of money, and the ''other'' has to deliver a quantity of Allowances. {{euaprov|Option}}s with multiple exercise dates are treated as a single unitary transaction — this figures, because American options can be partly exercised on any day, whereas {{euaprov|Forward}}s settle on a single day that doesn’t adjust. So para {{euaprov|(c)}} says where you have multiple settlement dates on a {{euaprov|Forward}}, you just treat each one as a separate {{euaprov|Transaction}}.