ISDA crack emissions squad

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Myths and legends of the market

The JC’s guide to the foundational mythology of the markets.™

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Artist’s impression.

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The ISDA crack emissions squad, colloquially known as Carbon Squad™ is a semi-autonomous faction of ISDA’s crack drafting squad™ that went rogue some time in the early 2010s, producing several iterations — each less comprehendible than the last — of the ISDA Emissions Annex.

Fond, in particular, of the almost lost-to-history, “and then I woke up and it was all just a dream” tactic for extraordinary close-out

See also