Template:Nutshell EUA Annex Settlement Disruption Event: Difference between revisions

Revision as of 11:18, 27 June 2022

Settlement Disruption Event: Something beyond the affected party’s control that, having used all reasonable efforts, it cannot overcome and which makes it impossible to perform its obligations to deliver or to accept Allowances under an EU Emissions Allowance Transaction.

Illustrative exceptions: An inability to deliver Allowances in the affected party’s Specified Holding Account, as a result of:

(a) the low or non-allocation of Allowances by any state;

(c) any party’s failure of a party to procure sufficient Allowances to meet its delivery obligations

Hirearchy of events: something which otherwise would be a Settlement Disruption Event and a Suspension Event, will count as a Suspension Event only, and not a Settlement Disruption Event.

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	'''{{euaprov\|Settlement Disruption Event'''}}: Something beyond the affected party’s control that, having used [[all reasonable efforts]], it cannot overcome and which makes it impossible to perform its obligations to deliver or to accept {{euaprov\|Allowances}} under an {{euaprov\|EU Emissions Allowance Transaction}}.		'''{{euaprov\|Settlement Disruption Event}}''': Something beyond the affected party’s control that, having used [[all reasonable efforts]], it cannot overcome and which makes it impossible to perform its obligations to deliver or to accept {{euaprov\|Allowances}} under an {{euaprov\|EU Emissions Allowance Transaction}}.

	'''Illustrative exceptions''': An inability to deliver {{euaprov\|Allowances}} in the affected party’s {{euaprov\|Specified Holding Account}}, as a result of:		'''Illustrative exceptions''': An inability to deliver {{euaprov\|Allowances}} in the affected party’s {{euaprov\|Specified Holding Account}}, as a result of: