Close-out Cost of Carry Amount - Emissions Annex Provision
EU Emissions Allowance Transaction Annex to the 2005 ISDA Commodity Definitions A Jolly Contrarian owner’s manual™
Close in all its glory Comparison See our natty emissions comparison table between the IETA, EFET and ISDA versions of emissions trading docs
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Overview
The same broad concept is dealt with as follows:
- ISDA: Close-out Cost of Carry Amount
- EFET: Default Cost of Carry Amount
- IETA: No such thing
Summary
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- The JC’s famous Nutshell™ summary of this clause