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Template:Emissons EEP summ: Difference between revisions
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ISDA defines itself up the wazoo, with {{euaprov|EEP}}, {{euaprov|EEP Equivalent}}, {{euaprov|EEP Amount}}, {{euaprov|EEP Non-delivery}}, {{euaprov|EEP Payment}}, {{euaprov|EEP Risk Period}} and {{euaprov|Indemnifiable EEP}} — of ''course'' they did, didn’t they — whereas IETA is a relatively spartan {{ietaprov|Excess Emissions Penalty}} (and no EEP Equivalent — it just defines it in EEA Amount as “if this sub-paragraph (b) is specified in Schedule 2 (''Elections'') as applying”) and {{ietaprov|EEP Status}}, while EFET just has {{efetaprov|EEP}} and {{efetaprov|EEP Equivalent}}, but nothing else. | ISDA defines itself up the wazoo, with {{euaprov|EEP}}, {{euaprov|EEP Equivalent}}, {{euaprov|EEP Amount}}, {{euaprov|EEP Non-delivery}}, {{euaprov|EEP Payment}}, {{euaprov|EEP Risk Period}} and {{euaprov|Indemnifiable EEP}} — of ''course'' they did, didn’t they — whereas IETA is a relatively spartan {{ietaprov|Excess Emissions Penalty}} (and no EEP Equivalent — it just defines it in EEA Amount as “if this sub-paragraph (b) is specified in Schedule 2 (''Elections'') as applying”) and {{ietaprov|EEP Status}}, while EFET just has {{efetaprov|EEP}} and {{efetaprov|EEP Equivalent}}, but nothing else. | ||
{{{{{1}}}| | {{{{{1}}}|EEP Amount}} is pretty much the same between ISDA and IETA. EFET goes off on one. | ||
====What is is all about==== | |||
Well, the basic point of an {{{{{1}}}|Emissions Trading Scheme}} is to require emitters to surrender Allowance credits to atone for their pollution, on main of being whacked with financial penalties for failing to do so on time. These are the Excess Emissions Penalties, so this is what it is all about, compadres. | |||
Relevant for operators and those settling contracts with them, who have to worry about {{{{{1}}}|Reconciliation Deadline}}s and such messy practicalities. | Relevant for operators and those settling contracts with them, who have to worry about {{{{{1}}}|Reconciliation Deadline}}s and such messy practicalities. | ||