Template:M comp disc EFET Allowance Annex 7.1: Difference between revisions
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Amwelladmin (talk | contribs) Created page with "Functionally, the definition of Force Majeure is the same in the EFET and IETA versions. Here is a {{diff|77069|77068}}: the differences are to account for the architecture and nomenclature of the different master agreements, though the IETA has a conflict clause favouring Suspension Event over Force Majeure/Settlement Disruption Event, which the EFET does not." |
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Functionally, the definition of Force Majeure is the same in the EFET and IETA versions. Here is a {{diff|77069|77068}}: the differences are to account for the architecture and nomenclature of the different master agreements, though the IETA has a conflict clause favouring Suspension Event over Force Majeure/Settlement Disruption Event, which the EFET does not. | Functionally, the definition of {{efetaprov|Force Majeure}} is the same in the EFET and IETA versions. Here is a {{diff|77069|77068}}: the differences are to account for the architecture and nomenclature of the different master agreements, though the IETA has a conflict clause favouring Suspension Event over Force Majeure/Settlement Disruption Event, which the EFET does not. | ||
The equivalent under the {{emissionsannex}} is the {{euaprov|Settlement Disruption Event}} — so called because there is already a Force Majeure under the {{isdama}} so the ’squad had to call their version something else. | |||
Revision as of 15:23, 28 July 2023
Functionally, the definition of Force Majeure is the same in the EFET and IETA versions. Here is a comparison: the differences are to account for the architecture and nomenclature of the different master agreements, though the IETA has a conflict clause favouring Suspension Event over Force Majeure/Settlement Disruption Event, which the EFET does not.
The equivalent under the ISDA EU Emissions Annex is the Settlement Disruption Event — so called because there is already a Force Majeure under the ISDA Master Agreement so the ’squad had to call their version something else.