EFET CMA versus RECS Agreement
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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 |
| Pre-Existing Contracts | Recognized as Individual Contracts | N/A |
| Counterparty Risk | Credit Support Document | N/A |
