Template:M summ EUA Annex (d)(ii): Difference between revisions

Here is the question we put to all EU Emissions Allowance Ninjas out there — and there must be some, Lord only knows there must; it can’t just be me out here wrestling with this. Surely it can’t. (Can it? CAN IT?) — why is a {{euaprov|Failure to Deliver}} — here a failure to deliver that specifically ''isn’t'' a result of a {{euaprov|Settlement Disruption Event}}, or {{euaprov|Suspension}} of the European infrastructure, {{euaprov|Abandonment of Scheme}}, {{isdaprov|Force Majeure}} or any of those other things —why is a {{euaprov|Failure to Deliver}} an {{euaprov|Emissions Allowance}} when it is due, without externality you can blame it on, not a normal old Section {{isdaprov|5(a)(i)}} {{isdaprov|Failure to Pay or Deliver}} {{isdaprov|Event of Default}} like it would be for any other asset class? This strikes us as quite different to the common experience of settlement fails in the [[stock loan]] and [[repo]] markets, for example, which are famously not {{gmslaprov|Events of Default}}, precisely because they happen all the time.