Template:IETA Master Agreement 6

6 Effecting Transfers
6.1 For the purposes of Clause 5.1(a) (Primary Obligation), the Delivering Party shall make a Transfer Request in accordance with the EU ETS Rules and allow sufficient time in order to ensure that the relevant Period Traded Allowances are Transferred to the relevant Receiving Party’s Holding Account by the relevant Delivery Date and shall notify the Receiving Party that the Transfer Request has been submitted.
6.2 The Delivering Party shall ensure that each Transfer Request accurately reflects all the relevant details of the Transfers constituting the Transaction and complies with the information requirements under the System such that each Transfer Request can be accepted for the purposes of such Scheme.
6.3 Without prejudice to Clauses 6.1 and 6.2 (Effecting Transfers), the Parties agree to co-operate with each other in relation to each Transaction and to do such things as are necessary in accordance with and as required by the System in order to Transfer the relevant Period Traded Allowances to the Receiving Party’s Holding Account by the relevant Delivery Date (and to refrain from doing such things as impedes or would reasonably be expected to impede such Transfer).
6.4 Each Party shall ensure that it complies with such other conditions and requirements as are necessary in order to make Transfer Requests and effect Transfers in accordance with the Scheme.
6.5 Each Party agrees with the other that, so long as either Party has any obligation under a Transaction where the Confirmation for that Transaction specifies particular Holding Accounts or particular Registries:

6.5(a) the Receiving Party may, with respect to such Confirmation, and with the consent of the Delivering Party:

6.5(a)(i) amend the order in which the Receiving Party’s Holding Accounts or its specified Registries are listed; and/or

6.5(a)(ii) specify additional Receiving Party’s Holding Account(s) or Registry(ies),

provided that the Receiving Party notifies the Delivering Party in writing of such amendment or addition no later than thirty (30) calendar days before a Delivery Date under that Transaction and the Delivering Party has provided its consent in writing to such amendment or addition no later than five (5) Delivery Banking Days after its receipt of such notice;

6.5(b) the Delivering Party may, with respect to such Confirmation, specify additional Delivering Party’s Holding Account(s) or Registry(ies) provided that the Delivering Party notifies the Receiving Party in writing of such addition no later than ten (10) Delivery Banking Days before a Delivery Date under that Transaction.

6.6 Each Party agrees with the other that where a Party has specified a Registry only in the Confirmation of the relevant Transaction (including any additional Registry agreed by the Parties in accordance with Clause 6.5 (Effecting Transfers)), then that Party is obliged to notify the other of the account name and number of a Holding Account for each specified Registry no later than thirty (30) calendar days before a Delivery Date under that Transaction.