Confirmation - Emissions Annex Provision

EU Emissions Allowance Transaction Annex to the 2005 ISDA Commodity Definitions

Index: Click ᐅ to expand:

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)

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Here are the things you really ought to address in your Emissions Confirmation.

Buyer (Receiving Party)||[SPECIFY] Allowance Type||EU Allowance Specified Compliance Period||[[[Fourth Compliance Period - Emissions Annex Provision|Fourth Compliance Period]]] Number of Allowance||[SPECIFY] Metric Tons Allowance Purchase Price||[SPECIFY] EUR per Metric Tons Total Purchase Price||[SPECIFY] EUR Business Days||TARGET Settlement Currency||EUR Payment Date||DD MM YYYY, subject to the provisions of “Failure To Deliver”. Delivery Date: DD MM YYYY (or, if such date is not a Delivery Business Day, the next following day that is a |- style="vertical-align:top; text-align:left;" Delivery Business Day). Buyer’s Specified Holding Account||[SPECIFY] Seller’s Specified Holding Account||[SPECIFY] Buyer’s Delivery Business Day Location||[SPECIFY] Seller’s Delivery Business Day Location||[SPECIFY] Calculation Agent||[Buyer][Seller]

Seller (Delivering Party)	[SPECIFY]