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9 November 2023
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Created page with "A key to part of the complexity in the Emissions Annex. Whether your Transaction is an Option or a Forward, on a settlement date ''one'' of you has to pay an amount of money, and the ''other'' has to deliver a quantity of Allowances. {{euaprov|Option}}s with multiple exercise dates are treated as a single unitary transaction — this figures, because American options can be partly exercised on any day, whereas {{euaprov|Forward}}s settle on a single day that doesn’t ad..."
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