Holding Account and Specified Holding Account - Emissions Annex Provision

EU Emissions Allowance Transaction Annex to the 2005 ISDA Commodity Definitions
A Jolly Contrarian owner’s manual™

Resources and navigation

Index: Click ᐅ to expand:

Pro tip: for tons of information about EU ETS and EU financial services regulation see Michał Głowacki’s magnificent emissions-euets.com website.

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)

Section Holding Account and Specified Holding Account in a Nutshell™

Use at your own risk, campers!

Holding Account means a digital record maintained in a Registry (under the Registries Regulation) that records allocations, holdings and transfers of Allowances to be delivered under a Transaction. Specified Holding Account means any Holding Accounts a party specifies in a Confirmation or, if it does not specify any, in Parts (d)(xii)(1)(A) or (2)(A) as modified by Parts (d)(xii)(1)(B) and (2)(B). view template

Full text of Section Holding Account and Specified Holding Account

Holding Account: Means a form of digital record maintained in a Registry (pursuant to and in accordance with the Registries Regulation) that is able to be used to record the allocation (if applicable), holding and transfer of Allowances of the Allowance Type that is to be delivered under the relevant EU Emissions Allowance Transaction pursuant to and in accordance with the Scheme. Specified Holding Account: Means, in respect of a party and an EU Emissions Allowance Transaction, the Holding Accounts (if any) specified as such in respect of such party (i) in the Confirmation for the relevant EU Emissions Allowance Transaction; or (ii) where no such accounts are specified in accordance with (i), in the Annex to this Part; in either case in accordance with Part (d)(xii)(1)(A) or Part (d)(xii)(2)(A) (as applicable) and subject to modification in accordance with Part (d)(xii)(1)(B) and Part (d)(xii)(2)(B). view template

Comparison

See our natty emissions comparison table between the IETA, EFET and ISDA versions of emissions trading docs

Comments? Questions? Suggestions? Requests? Insults? We’d love to 📧 hear from you. Sign up for our newsletter.

Content and comparisons