Calculation of the Termination Amount - EFET Allowance Provision

2007 EFET General Agreement
Version 2.1(a) (Power)

A Jolly Contrarian owner’s manual™

11 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.

11 in all its glory

§ 11 Calculation of the Termination Amount. § 11 of the General Agreement is hereby amended for purposes of calculating any Allowances Termination Amount concerning one or more Allowance Transactions by: (i) the addition of the following words to § 11.2 (Settlement Amount) at the end of the definition of § 11.2(a) (Costs): “including, in the event that an EEP or EEP Equivalent is applicable to an Allowance Transaction, any EEP or EEP Equivalent actually assessed and not later reduced or recovered”; and (ii) the addition of the following words after the words: “any replacement transactions.”, at the end of the last sentence: “For the avoidance of doubt, where applicable, the Cost of Carry Amount or the Default Cost of Carry Amount (together with any interest then due thereon) shall be included in the Terminating Party’s calculation of all relevant Settlement Amounts.” 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)

Overview

Here the free bit runs out. Subscribers click 👉 here. New readers sign up 👉 here and, for ½ a weekly 🍺 go full ninja about all these juicy topics 👇