EFET Allowances Appendix

2007 EFET General Agreement Version 2.1(a) (Power) A Jolly Contrarian owner’s manual™ Overview 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. Overview in all its glory I. General Terms § 1 Subject of Allowances Appendix § 2 Definitions and Construction § 3 Concluding and Confirming Allowance Transactions § 4 Primary Obligations for Delivery and Acceptance of Allowances § 4.1 Delivery, Acceptance and Scheduling Obligations § 4.2 Definition of Schedule § 4.3 Physical Settlement Netting § 4.4 Payment for Allowances § 5 Primary Obligations for Options (as per EFET General Agreement) § 6 Delivery, Measurement, Transfer and Risk § 7 Non-Performance Due to Force Majeure and Suspension Event § 8 Remedies for Failure to Transfer or Accept § 9 Suspension of Delivery (as per EFET General Agreement) § 10 Term and Termination Rights § 11 Calculation of the Termination Amount § 12 Limitation of Liability § 13 Invoicing and Payment § 14 VAT and Taxes § 15 Floating Prices and Fallback Procedure for Market Disruption (as per EFET General Agreement) § 16 Guarantees and Credit Support (as per EFET General Agreement) § 17 Performance Assurance (as per EFET General Agreement) § 18 Provision of Financial Statements and Tangible Net Worth (as per EFET General Agreement) § 19 Assignment (as per EFET General Agreement) § 20 Confidentiality (as per EFET General Agreement) § 21 Representation and Warranties § 22 Governing Law and Arbitration Annex 1 Defined Terms Administrator Event AEUA Affected Allowance Aircraft Operator Allowance Allowances Appendix Allowance Type Allowances Termination Amount Allowance Transaction Applicable Rule(s) Appropriate Source Central Administrator Compliance Period Compliance Year Contract Price Contract Quantity Cost of Carry Amount Cost of Carry Calculation Period Cost of Carry Rate Default Cost of Carry Amount Default Cost of Carry Calculation Period Default Cost of Carry Rate Delayed Delivery Date Delivery Business Day Delivered Quantity Delivery Date Delivery Point Delivery Schedule Directive Encumbrance Loss Amount End of Phase Reconciliation Deadline Emissions Trading Scheme(s EU EUA EU ETS EU ETS Directive EUR-EuroSTR-COMPOUND EUTL or European Union Transaction Log Excess Emissions Penalty or EEP Excess Emissions Penalty Equivalent or EEP Equivalent Expert Fourth Compliance Period Holding Account Index Cessation Effective Date Index Cessation Event Long Stop Date Loss Member State National Administrator Negotiation Period New Tax Non-Member State Non-Taxed Party Operator Original Affected Party Other Tax Participating Agreement Paying Party Payment Cycle Physical Settlement Netting Accounts Receiving Party Reconciliation Deadline Registries Regulation Registry Registry Operation Relevant Authority Relevant Registry Rules SE Affected Party SE Affected Transaction Suspension Event TARGET Settlement Day Tax Taxed Party Third Compliance Period Total Contract Price Transfer Transfer Point Unauthorised Transfer Undelivered EEP Amount or UEA Union Registry Unpaid Amounts Value Added Tax or VAT II: Elections for customization of provisions in the Allowances Appendix edit Comparison See our natty emissions comparison table between the IETA, EFET and ISDA versions of emissions trading docs Resources and Navigation Index: Click ᐅ to expand: EFET Allowance Annex - Premium Emissions 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) Premium version of this page

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• EFET Allowances Annex Wikitext