Template:Nutshell EUA Annex (d)(i)(2)

Revision as of 19:20, 15 December 2022 by Amwelladmin (talk | contribs)

(d)(i)(2) Delivery

(A) Delivering Party will deliver Allowances under a Transaction by transferring them from its Holding Account in accordance with the Scheme into the Receiving Party’s Specified Holding Account.
(B) If Delivering Party has Specified Holding Accounts for the Transaction, its must deliver from such a Specified Holding Account to the Receiving Party’s Specified Holding Account.
(C) A Receiving Party with multiple Specified Holding Accounts will specified them in order of preference. Delivering Party must try to deliver to the first one, unless a Settlement Disruption Event or a Suspension Event affects that Specified Holding Account, in which case it must try the next one, and so on.
(D) Allowances transferred after 4:00 p.m., Central European Time, on a Delivery Business Day or on a non-Delivery Business Day, will be deemed delivered at 10:00 a.m. CET on the next Delivery Business Day. Allowances transferred before 10:00 a.m. CET, on a Delivery Business Day, will be deemed to have been delivered at 10:00 a.m., CET, on that day.