Original Affected Party - IETA Provision

IETA Emissions Trading Master Agreement A Jolly Contrarian owner’s manual™ Original Affected Party in a Nutshell™ The JC’s Nutshell™ summary of this term has moved uptown to the subscription-only ninja tier. For the cost of ½ a weekly 🍺 you can get it here. Sign up at Substack. You can even ask questions! Ask about it here. Original Affected Party in all its glory “Original Affected Party” means the person from whose Holding Account the Unauthorised Transfer of the relevant Affected Allowance occurred. edit Comparison See our natty emissions comparison table between the IETA, EFET and ISDA versions of emissions trading docs Resources and Navigation 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) Index: Click ᐅ to expand: ISDA Emissions TOC EUA Annex - Premium Emissions Pro tip: for tons of information about EU ETS and EU financial services regulation see Michał Głowacki’s magnificent emissions-euets.com website. Premium version of this page

Overview

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“Original Affected Party” is part of the Unauthorised Transfers regime, which is more or less the same in all three of the emissions trading documentation suites.

Summary

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The emissions trading world is still haunted by the widescale fraud that beset it in 2010. For more on the history, see the article on emissions allowance theft.

Its reaction was to tighten up the registry system to stop miscreants nicking Allowances, and tighten up the terms in the documentation to make it harder to pass stolen Allowances, and to be more specific about the consequences of doing so. This is part of that effort. The Original Affected Party is the “OV”, so to speak: the original victim of a theft.

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• The JC’s famous Nutshell™ summary of this clause
• More detail on the background to this concept and what happens to intervening bona fide purchasers for value without notice of the fraud.

See also

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• Unauthorised Transfers
• Original Affected Party - ISDA
• Original Affected Party - EFET
• Original Affected Party - IETA