Seller - EFET Allowance Provision

2007 EFET General Agreement Version 2.1(a) (Power) A Jolly Contrarian owner’s manual™ Seller in a Nutshell™ The JC’s Nutshell™ summary of this term has moved uptown to the subscription-only ninja tier. For the cost of ½ a weekly 🍺 you can get it here. Sign up at Substack. You can even ask questions! Ask about it here. Seller in all its glory “Seller” will be specified in the Confirmation for an Allowance Transaction. edit Comparison See our natty emissions comparison table between the IETA, EFET and ISDA versions of emissions trading docs Resources and Navigation Index: Click ᐅ to expand: EFET Allowance Annex - Premium Emissions 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) Premium version of this page

Overview

edit

Some wiggliness with words here: in an Allowances Transaction one is either delivering Allowances, in which case you are the Seller of a Forward Sale Transaction, the Seller of a Call Option (i.e., you have the obligation to deliver Allowances when called) or the Buyer of a Put Option (i.e., you have the right to deliver Allowances), or you are receiving Allowances, in which case you are the Buyer under a Forward Purchase Transaction, the Buyer of a Call Option (i.e., you have the right to call for Allowances to be delivered to you) or you are the Seller of a Put Option (i.e., you have the obligation to take delivery Allowances when they are put to you).

The EFET Allowances Appendix prefers just Seller and Buyer and doesn’t really use the term “Delivering Party” or “Receiving Party” — except in a completely different context relating to tax, which is sort of stupid, , but the IETA Master Agreement and the ISDA EU Emissions Annex have a bob each way.

Summary

edit

Premium content

Here the free bit runs out. Subscribers click 👉 here. New readers sign up 👉 here and, for ½ a weekly 🍺 go full ninja about all these juicy topics 👇

edit

• The JC’s famous Nutshell™ summary of this clause

Template:M premium EFET Allowance Annex Seller

See also

edit