Template:M summ EUA Annex Long-Stop Date: Difference between revisions
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Just what {{icds}} thought it was up to here is anyone’s guess, but it sure as hell is arbitrary. Were they smoking something? It is really hard to | [[Long-Stop Date - Emissions Annex Provision|Just]] what {{icds}} thought it was up to here is anyone’s guess, but it sure as hell is arbitrary. Were they smoking something? It is really hard to account for this drafting any other way. | ||
IN ANY CASE — if you have suffered a {{euaprov|Suspension Event}} (meaning your {{euaprov|Registry}} is unavoidably closed so you can’t settle transfers of Allowances) this [[Heath Robinson]] scheme divides the | IN ANY CASE — if you have suffered a {{euaprov|Suspension Event}} (meaning your {{euaprov|Registry}} is unavoidably closed so you can’t settle transfers of {{euaprov|Allowances}}) this [[Heath Robinson]] scheme divides the {{euaprov|Fourth Compliance Period}} into arbitrary two year periods, and sets the Long-Stop date half a year after the end of these. | ||
Which results in a weird outcome we are almost certain people will overwrite: If your delivery obligation fell on the 29th December 2023, your Long Stop Date would be 1 June 2024, just six months away. If it fell just five days later on the 3rd of January 2024, your Long Stop Date is 1 June 2027, two and a half ''years'' away. | Which results in a weird outcome we are almost certain people will overwrite: If your delivery obligation fell on the 29th December 2023, your {{euaprov|Long-Stop Date}} would be 1 June 2024, just six months away. If it fell just five days later on the 3rd of January 2024, your {{euaprov|Long-Stop Date}} is 1 June 2027, two and a half ''years'' away. | ||
You sense the [[’squad]] was getting tired here, fed up with the abject lack of feedback from the working group, thought, “look, no-one will read this shit anyway, and if they do they’ll overwrite it” (er ... ''correct'') so let’s just put in something random and move on. | You sense the [[’squad]] was getting tired here, fed up with the abject lack of feedback from the working group, thought, “look, no-one will read this shit anyway, and if they do they’ll overwrite it” (er ... ''correct'') so let’s just put in something random and move on. | ||
Latest revision as of 17:29, 18 January 2023
Just what ISDA’s crack drafting squad™ thought it was up to here is anyone’s guess, but it sure as hell is arbitrary. Were they smoking something? It is really hard to account for this drafting any other way.
IN ANY CASE — if you have suffered a Suspension Event (meaning your Registry is unavoidably closed so you can’t settle transfers of Allowances) this Heath Robinson scheme divides the Fourth Compliance Period into arbitrary two year periods, and sets the Long-Stop date half a year after the end of these.
Which results in a weird outcome we are almost certain people will overwrite: If your delivery obligation fell on the 29th December 2023, your Long-Stop Date would be 1 June 2024, just six months away. If it fell just five days later on the 3rd of January 2024, your Long-Stop Date is 1 June 2027, two and a half years away.
You sense the ’squad was getting tired here, fed up with the abject lack of feedback from the working group, thought, “look, no-one will read this shit anyway, and if they do they’ll overwrite it” (er ... correct) so let’s just put in something random and move on.