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Template:M summ EUA Annex (d)(i)(2): Difference between revisions
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:(A) you have to comply with the {{euaprov|Scheme}}, and deliver from your {{euaprov|Holding Account}} to the {{euaprov|Receiving Party}}’s. (Quite why it matters ''whence'' the {{euaprov|Allowances}} come we cannot say — a vague fretfulness about theft perhaps? — but ok; let’s run with it. The transfer is done once the {{euaprov|Allowances}} hit the {{euaprov|Receiving Party}}’s account (I know, I know: ''you don’t say''.) | :(A) you have to comply with the {{euaprov|Scheme}}, and deliver from your {{euaprov|Holding Account}} to the {{euaprov|Receiving Party}}’s. (Quite why it matters ''whence'' the {{euaprov|Allowances}} come we cannot say — a vague fretfulness about theft perhaps? — but ok; let’s run with it. The transfer is done once the {{euaprov|Allowances}} hit the {{euaprov|Receiving Party}}’s account (I know, I know: ''you don’t say''.) | ||
:(B) Let’s skip (B) for a minute. | :(B) Let’s skip (B) for a minute. | ||
:(C) If the Receiving Party has designated multiple Specified Holding | :(C) If the {{euaprov|Receiving Party}} has designated multiple {{euaprov|Specified Holding Account}}s — as to ''why'' it would ''have'' multiple accounts, let alone specify them for a single {{euaprov|Transaction}} we can provide no answer beyond basic bloody-minded perversity — but let’s just say — Delivering Party starts at the top and, if for some reason the first-named accounts are subject to some kind of disruption and the later ones are not — again, search us what might cause that — work its way down until it has delivered all EUAs. (If it gets to the bottom unfulfilled, see {{euaprov|Settlement Disruption Event}} and {{euaprov|Suspension Event}}). | ||
:(D) If you deliver outside the normal window during business hours, your delivery is deemed satisfied at the next moment where a window on business hours opens. Workaday stuff that will be familiar with anyone who deals with the settlement of securities for a living. | :(D) If you deliver outside the normal window during business hours, your delivery is deemed satisfied at the next moment where a window on business hours opens. Workaday stuff that will be familiar with anyone who deals with the settlement of securities for a living. | ||
But (B) — what this is getting at is harder to figure. | But (B) — what this is getting at is harder to figure. By simply designating a Holding Account — thereby turning it into a {{euaprov|Specified Holding Account}} — why should a {{euaprov|Delivering Party}}’s obligation thereby be ''limited'' to delivering from that {{euaprov|Holding Account}}? If it is empty, does that create some kind of [[impossibility]] or grounds for release from the contract? If {{euaprov|Delivering Party}} has other {{euaprov|Holding Account}}s is it not obliged to deliver from those? We cannot imagine this was intended. If the Specified Holding Account is empty or immobilised, perhaps due to some service-provider failure elsewhere, could not the Delivering Party nominate delivery directly from a market counterparty into the Receiving Party’s account? | ||
So many questions. | |||