Party - IETA Provision

IETA Emissions Trading Master Agreement A Jolly Contrarian owner’s manual™ Party 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. Party in all its glory “Party” means one or other of the parties to this Agreement and “Parties” is to be construed accordingly. edit Comparison See our natty emissions comparison table between the IETA, EFET and ISDA versions of emissions trading docs Resources and Navigation 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) Index: Click ᐅ to expand: ISDA Emissions TOC EUA Annex - Premium Emissions Pro tip: for tons of information about EU ETS and EU financial services regulation see Michał Głowacki’s magnificent emissions-euets.com website. Premium version of this page

Overview

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Some wiggliness with words here: in an Allowances Transaction one is either delivering Allowances, in which case you are the Seller of a Forward Sale Transaction, the Seller of a Call Option (i.e., you have the obligation to deliver Allowances when called) or the Buyer of a Put Option (i.e., you have the right to deliver Allowances), or you are receiving Allowances, in which case you are the Buyer under a Forward Purchase Transaction, the Buyer of a Call Option (i.e., you have the right to call for Allowances to be delivered to you) or you are the Seller of a Put Option (i.e., you have the obligation to take delivery Allowances when they are put to you).

The EFET Allowances Appendix prefers just Seller and Buyer and doesn’t really use the term “Delivering Party” or “Receiving Party” — except in a completely different context relating to tax, which is sort of stupid, , but the IETA Master Agreement and the ISDA EU Emissions Annex have a bob each way.

Summary

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Premium content

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

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See also

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