Template:M summ EUA Annex (d)(i)(2)

All tediously quotidian, largely-goes-without-saying stuff, until you stumble over subparagraph (B) like an inattentive trail-runner not noticing a tree-root.

So:

(A) you have to comply with the Scheme, and deliver from your Holding Account to the Receiving Party’s. (why it matters whence the Allowances come we cannot say — a vague fretfulness about theft perhaps? — but ok; let’s run with it. The transfer is done once the Allowances hit the Receiving Party’s account (I know, I know: you don’t say.)

(C) If the Receiving Party has designated multiple Specified Holding Accounts — as to why a Receiving Party would have multiple accounts, let alone specify them for a single transaction we can provide no answer beyond basic bloody-minded perversity — but let’s just say — you start at the top and work your way down, if for some reason the first-named accounts are subject to some kind of disruption and the later ones are not — again, search us what might cause that — until you have delivered all of them. (If you get to the bottom unfulfilled, see Settlement Disruption Event and Suspension Event).