Template:M summ EUA Annex Adjustment Event

{| class="wikitable sortable" |+ JC’s guide to Allowance Disruption |- ! Event !! What it is !! Who does what !! Who bears loss |- style="vertical-align:top; text-align:left;" | Abandonment of Scheme || EU gives up on Emissions Trading || Either party terminates on notice. Repay any prepaid amounts or premia || Walk away (I know, I know, it makes no sense. Don’t @ me folks) |- style="vertical-align:top; text-align:left;" | Settlement Disruption Event || External Force Majeure type event prevents settlement. || Settlement suspended. No Cost of Carry Amount payment. If continues for 9 Delivery Business Days or runs over a Settlement Reconciliation Deadline either party can designate Illegality, terminate the trade and either pay the Close-out Amount or cancel and walk away. || Unless you specified Payment on Termination for Settlement Disruption, just walk away. (Don’t @ me). |- style="vertical-align:top; text-align:left;" | Suspension Event || Template:Registry suspends operating or there is an Administrator Event. || Receiving Party pays Cost of Carry Amount.|| Note: Suspension Events trump Settlement Disruption Events. Unless you specified Payment on Termination for Suspension, just walk away. (Don’t @ me). |- style="vertical-align:top; text-align:left;" | Fungibility Event || Phase 3 Allowances not exchangeable for Phase 4 Allowances or no longer fungible. || Dunno but is isn’t a Settlement Disruption Event || You will have to agree this among yourselves. |}