Contract Quantity - EFET Allowance Provision

2007 EFET General Agreement Version 2.1(a) (Power) A Jolly Contrarian owner’s manual™ Contract Quantity 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. Contract Quantity in all its glory Contract Quantity means, in respect of an Allowance Transaction, the number of Allowances (of one or more Compliance Periods, where applicable, as agreed to be bought and sold between the Parties; 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

Overview

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The same broad concept is dealt with as follows:

• ISDA: Number of Allowances
• EFET: Contract Quantity
• IETA: PTA Quantity

The JC will call it, in any case the “Allowance Quantity”. This may confuse things further.

Summary

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Whatever your documentation regime, you will need a means to designate how many Allowances you are planning to trade.

It ought not be a hard concept to label, and it should not differ from agreement to agreement but, for reasons best known to themselves, the three Carbon Squads could, ir did, not contrive a common terminology between them, even though they managed to in many other areas where you rather wish they hadn’t.

It is what it is; we quite like ISDA’s unusually colloquial “Number of Allowances”; EFET’s “Contract Quantity”, while a bit starchier, isn’t bad, but “PTA Quantity” borders on the perverse. What is this? A parent teacher association?

In any case, to make life easier for you, dear reader, in these pages, where the interests of doubt reduction recommend it, we might here and there refer generally to an “Allowance Quantity” meaning whichever of the above applies, and this will redirect to the correct term in each case.

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• The JC’s famous Nutshell™ summary of this clause

Template:M premium EFET Allowance Annex Contract Quantity

See also

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