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Template:M summ EUA Annex Settlement Disruption and Suspension: Difference between revisions
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Template:M summ EUA Annex Settlement Disruption and Suspension (view source)
Revision as of 09:29, 13 July 2022
, 13 July 2022no edit summary
Amwelladmin (talk | contribs) (Created page with "===Priority=== The same event can be a {{euaprov|Settlement Disruption Event}} ''and'' a {{euaprov|Suspension Event}}: both are events beyond the control of the counterparties...") |
Amwelladmin (talk | contribs) No edit summary |
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The {{euaprov|Suspension Event}} contemplates an additional {{euaprov|Cost of Carry Amount}} payment — perhaps to reflect the fact that the delay period is a bit longer. | The {{euaprov|Suspension Event}} contemplates an additional {{euaprov|Cost of Carry Amount}} payment — perhaps to reflect the fact that the delay period is a bit longer. | ||
===Continuing Settlement Disruption Event=== | |||
Now things start getting properly baroque. Settlement disruption contemplates the scenario where the disruption stretches out past the original scheduled {{euaprov|Delivery Date}}. After this time of course we must deal with the phantoms and succubi of unexpected reconciliation deadlines, end of phase reconciliation deadlines which of course we are not within the parties’ original contemplation, the original {{euaprov|Delivery Date}} scheduled to occur before any of these could happen. At the end of a period not longer than nine {{euaprov|Delivery Business Days}} after the original {{euaprov|Delivery Date}}, an “{{isdaprov|Illegality}}” {{isdaprov|Termination Event}} will be deemed to occur. | |||