Payment Date - Emissions Annex Provision

EU Emissions Allowance Transaction Annex to the 2005 ISDA Commodity Definitions
A Jolly Contrarian owner’s manual™

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Pro tip: for tons of information about EU ETS and EU financial services regulation see Michał Głowacki’s magnificent emissions-euets.com website.

Emissions trading documentation

ISDA: EU Anatomy • EU Wikitext • EU Nutshell (premium) • UK Anatomy • UK Wikitext (to be merged into EU Anatomy)
IETA: IETA Master Agreement • IETA Wikitext • IETA Nutshell (premium)

EFET: EFET Allowances Appendix • EFET Allowances Wikitext • EFET Nutshell (premium)

Section Payment Date in a Nutshell™

Use at your own risk, campers!

Payment Date: The date specified in the Confirmation, though if A Suspension Event causes delivery to be delayed the Payment Date will be delayed by reference to the Delayed Delivery Date (the “Delayed Payment Date”). view template

Full text of Section Payment Date

Payment Date: Means, in respect of an EU Emissions Allowance Transaction, the date specified as such or otherwise determined pursuant to a method specified in the related Confirmation, provided that, in the case of delayed delivery pursuant to Part(d)(i)(5)(Suspension Event), the Payment Date shall be determined accordingly from the Delayed Delivery Date (such Payment Date being the “Delayed Payment Date”). view template

Comparison

See our natty emissions comparison table between the IETA, EFET and ISDA versions of emissions trading docs

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Content and comparisons

Generally the same date as the Delivery Date: I deliver you the Number of Allowances; you pay me for them. If there is a Settlement Disruption Event or a Suspension Event, the Payment Date and Delivery Date are pushed back according to an extraordinarily convoluted and essentially random process. Don’t @ me.