Specified Holding Account - Emissions Annex Provision

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Specified Holding Account: Means, in respect of a party and an EU Emissions Allowance Transaction, the Holding Accounts (if any) specified as such in respect of such party (i) in the Confirmation for the relevant EU Emissions Allowance Transaction; or (ii) where no such accounts are specified in accordance with (i), in the Annex to this Part; in either case in accordance with Part (d)(xii)(1)(A) or Part (d)(xii)(2)(A) (as applicable) and subject to modification in accordance with Part (d)(xii)(1)(B) and Part (d)(xii)(2)(B).

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