Template:M comp disc EFET Allowance Annex 7.1

Functionally, the definition of Force Majeure is the same in the EFET and IETA versions. Here is a comparison: the differences are to account for the architecture and nomenclature of the different master agreements, though the IETA has a conflict clause favouring Suspension Event over Force Majeure/Settlement Disruption Event, which the EFET does not.

The equivalent under the ISDA EU Emissions Annex is the Settlement Disruption Event — so called because there is already a Force Majeure under the ISDA Master Agreement so the ’squad had to call their version something else.

Here, for good order, is a comparison of Force Majeure under the EFET Allowances Annex and Settlement Disruption Event under the ISDA EU Emissions Annex.