Multiple Delivery Dates - Emissions Annex Provision
EU Emissions Allowance Transaction Annex to the 2005 ISDA Commodity Definitions
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A spot of scene-setting from Carbon Squad. This allows for multiple delivery Dates, perhaps imagining a world where financially literate carbon polluters enter into longer term EUA delivery mechanisms to allow them to finance, hedge and manage their annual compliance obligations years in advance.
As to the precise consequence, or intended consequence they were driving at: perhaps seeing as Disruptions tend to be Delivery Date-dependent, should there be a Suspension Event or some such thing on one Delivery Date, that is unresolved and, God forbid, graduates into a Continuing Suspension Event or a “then I woke up and it was all a dream” Event, it only cancels scheduled deliveries and payments on that part of the multi-Delivery Date Transaction that is actually affected, so each of the other micro-Transactions can carry on unaffected.
- The JC’s famous Nutshell™ summary of this clause