Template:Nutshell EUA Annex (d)(i)(2)
Jump to navigation
Jump to search
- (A) Delivering Party will deliver Allowances under a Transaction by transferring them from its Holding Account in accordance with the Scheme into the Receiving Party’s Specified Holding Account.
- (B) If Delivering Party has specified a Specified Holding Account for the Transaction, its obligation is limited to delivering from that Specified Holding Account to the Receiving Party’s Specified Holding Account.
- (C) A Receiving Party with multiple Specified Holding Accounts will specified them in order of preference. Delivering Party must try to deliver to the first one, unless a Settlement Disruption Event or a Suspension Event affects that Specified Holding Account, in which case it must try the next one, and so on.
- (D) Allowances transferred after 4:00 p.m., Central European Time, on a Delivery Business Day or on a non-Delivery Business Day, will be deemed delivered at 10:00 a.m. CET on the next Delivery Business Day. Allowances transferred before 10:00 a.m. CET, on a Delivery Business Day, will be deemed to have been delivered at 10:00 a.m., CET, on that day.