Template:M comp disc EUA Annex Allowance Price

The definition of Allowance Price is more or less the same in all three emissions trading documentation regimes. Compare:
ISDA: Allowance Price
IETA: Allowance Price
EFET: Allowance Price
Well, this is embarassing. There’s no such term in the ISDA Emissions Annex, despite the term being used in it (well, once). Whoopsie. By context it could refer to either an Allowance Strike Price — for an Option — or an Allowance Purchase Price — for a Forward. It is the same concept as in the other Master Agreements. Since using it does away with a lot of “Allowance Purchase Price, in the case of a Allowance Forward Transaction, or Allowance Strike Price, in the case of an Allowance Option Transaction, as the case may be” you might think Allowance Price might have been a good innovation, and in any case it is one that the JC will shamelessly use to save the frightful confection set out above.