ISDA crack emissions squad

The ISDA crack emissions squad, colloquially known as Carbon Squad™ is a semi-autonomous faction of ISDA’s crack drafting squad™ that went rogue some time in the early 2010s, producing several iterations — each less comprehendible than the last — of the ISDA Emissions Annex.

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Fond, in particular, of the almost lost-to-history, “and then I woke up and it was all just a dream” tactic for extraordinary close-out

See also

• ISDA’s crack drafting squad™
• Emissions Anatomy