Template:Emissions No Encumbrances comp

The absence of encumbrances — which was a matter of concern, in the early days of the emissions trading world, while birth pangs nascent fraud still ricocheted and lapped across the carbon soup of the primordial EU Emissions Trading Scheme — is covered fulsomely, consistently — if not a little defensively — in all the emissions master trading documents.

See:

• “No Encumbrances” (para (d)(vii) in the ISDA EU Emissions Annex
• “No Encumbrances” (cl 5.3) in the IETA Master Agreement and, of all things
• “No Encumbrances” (cl 6.3) in the EFET Master Agreement Allowances Annex.

Here is a comparison of ISDA vs IETA and, while you’re at it, comparison IETA v EFET. Oh, go on, here is the comparison of ISDA v EFET too. Don’t say I don’t spoil you.