Template:M summ EFET Allowance Annex 14.5

It is a regrettable fact that EFET’s Carbon Squad chose for its WHT clause the exact label that the other emissions master documents use for the Transaction parties themselves: “{{efetaprov|Receiving Party}”} in the EFET — the person who receives a payment over which there is some tax consequence — is not the same as Receiving Party in the ISDA EU Emissions Annex or Receiving Party in the IETA Master Agreement — the person who is delivered allowances. That person, in the EFET Master Agreement, is the Buyer.