Payment Date - Emissions Annex Provision
EU Emissions Allowance Transaction Annex to the 2005 ISDA Commodity Definitions
A Jolly Contrarian owner’s manual™
Payment Date in all its glory
See our natty emissions comparison table between the IETA, EFET and ISDA versions of emissions trading docs
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Generally the same date as the Delivery Date: I deliver you the Number of Allowances; you pay me for them. If there is a Settlement Disruption Event or a Suspension Event, the Payment Date and Delivery Date are pushed back according to an extraordinarily convoluted and essentially random process. Don’t @ me.
- The JC’s famous Nutshell™ summary of this clause