Difference between revisions of "EFET CMA versus RECS Agreement"

Revision as of 17:29, 2 June 2023

EFET CMA versus RECS Agreement

A high level comparison of two examples of Energy Attribute Certificate trading contracts. Based on

EECS GO Trade Agreement For Single or Multiple Deliveries version 2.2
EFET EECS Certificates Master Agreement Version 1.1(b)

NB: The focus of the comparison is on concepts and data requirements relating in particular to the function of such instruments as Guarantee of Origin rather than legal and more generic financial contract details.

Concept / Data Attribute	EFET	RCES
Objective	Purchase, Sale, Delivery and Acceptance of Certificates	Sell and Deliver / Buy and Accept a Quantity of Certificates.
Number of Certificates	Master Agreement	Agreement For Single or Multiple Deliveries
Certificate Types	EECS GO, EECS-Disclosure Certificate, RECS Certificate, National Scheme Certificate	EECS GO, EECS-Disclosure Certificate
Energy Source	Electricity, Gas, Fuel, Heating, Cooling	Electricity
Production Period Granularity	TBD	TBD
Pre-Existing Contracts	Recognized as Individual Contracts	N/A
Counterparty Risk	Credit Support Document, Provision of Financial Statements, Tangible Net Worth	N/A

@@ Line 25: / Line 25: @@
 | EECS GO, EECS-Disclosure Certificate, RECS Certificate, National Scheme Certificate
 | EECS GO, EECS-Disclosure Certificate
+|-
+| Energy Source
+| Electricity, Gas, Fuel, Heating, Cooling
+| Electricity
+|-
+| Production Period Granularity
+| TBD
+| TBD
 |-
 | Pre-Existing Contracts
@@ Line 31: / Line 39: @@
 |-
 | Counterparty Risk
-| Credit Support Document
+| Credit Support Document, Provision of Financial Statements, Tangible Net Worth
 | N/A
 |}