Template:Nutshell EUA Annex (d)(i)(1)

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(d)(i)(1) Settlement

(A) Allowance Forward Transactions:
on the Payment Date, Buyer must pay Seller Allowance Purchase Price x Number of Allowances
on the Delivery Date Seller must deliver to Buyer the Allowances to be Delivered.
(B) Allowance Option Transaction: for each Exercise Date:
on the Payment Date Receiving Party must pay Allowance Strike Price x Number of Allowances to be Delivered
on the Delivery Date Delivering Party must deliver the Allowances to be Delivered.
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