Difference between revisions of "EFET CMA versus RECS Agreement"
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| Pre-Existing Contracts | | Pre-Existing Contracts | ||
| Recognized as Individual Contracts | | Recognized as Individual Contracts | ||
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| + | | Counterparty Risk | ||
| + | | Credit Support Document | ||
| N/A | | N/A | ||
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Revision as of 16:52, 2 June 2023
EFET CMA versus RECS Agreement
A high level comparison of two examples of Energy Attribute Certificate. 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 |
| Pre-Existing Contracts | Recognized as Individual Contracts | N/A |
| Counterparty Risk | Credit Support Document | N/A |
