Template:M summ EFET Allowance Annex 8.1

An overview — written in the sparse text of someone who has been in solitary confinement with only an inexhaustible supply of biros, newsprint, and The Gypsy Kings’ Greatest Hits piped loudly into her cell non-stop, 24 hours a day, and has taken to documenting settlement provisions by way of drowning out the existential pain — of what happens if someone is meant to deliver you some allowances but, without excuse, does not. You might think the buy-in provisions from a stock loan might have been a useful model for such a clause; so did I — but EFET’s crack drafting squad™ didn’t and, unfortunately, they were the ones sitting in the padded cell trying to banish the very living idea of Bamboleo.

So here we are.

In a product annex relating to EU emissions allowances — known in the trade as “EUAs”. would you, by the way, contrive to define something completely different as a “UEA”?

Note that stray, confusing, reference to the Total Contract Price for the undelivered Allowances. It might have been easier to call this an Undelivered Contract Price and calculate it as Contract Price x quantity of undelivered Allowances, but the EFET Ninjas will have their fun, so there is a bit of counting the legs and dividing by four here.