Period Traded Allowances - IETA Provision
IETA Emissions Trading Master Agreement
A Jolly Contrarian owner’s manual™
Period Traded Allowance 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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The same broad concept is dealt with as follows:
Why is the IETA different? Don’t ask. No point: no-one knows.
You might, and the ISDA EU Emissions Annex did, skip the redundant definition and just call this an “Allowance”. But anyway. An “Allowance” is the generic term for any legitmate emissions allowance under the EU ETS; a “Period Traded Allowance” is one from the compliance period that is specified in the Confirmation relating to this Transaction.
- The JC’s famous Nutshell™ summary of this clause