ISDA crack emissions squad

Myths and legends of the market The JC’s guide to the foundational mythology of the markets.™ →Go uptown Index: Click ᐅ to expand: Mythology Tell me more Sign up for our newsletter — or just get in touch: for ½ a weekly 🍺 you get to consult JC. Ask about it here.

ISDA’s crack emissions squad, colloquially known as “Carbon Squad™” is a semi-autonomous faction of ISDA’s crack drafting squad™ that went rogue some time in the early 2010s, producing several iterations — each less comprehendible than the last — of the ISDA Emissions Annex.

Fond, in particular, of the almost lost-to-history, “and then I woke up and it was all just a dream” tactic for extraordinary close-out

See also

• ISDA’s crack drafting squad™
• Emissions Anatomy