[OASIS Issue Tracker] Updated: (ENERGYINTEROP-440) 461 conformlanguage regarding option parties to that of EMIX.

[OASIS Issues Tracker <workgroup_mailer@lists.oasis-open.org>]

     [ http://tools.oasis-open.org/issues/browse/ENERGYINTEROP-440?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel ]

William Cox updated ENERGYINTEROP-440:
--------------------------------------

    Fix Version/s: wd25
                       (was: wd24)

> 461  conform language regarding option parties to that of EMIX.
> ---------------------------------------------------------------
>
>                 Key: ENERGYINTEROP-440
>                 URL: http://tools.oasis-open.org/issues/browse/ENERGYINTEROP-440
>             Project: OASIS Energy Interoperation TC
>          Issue Type: Improvement
>         Environment: Ed Cazalet
>            Reporter: Edward Cazalet 
>            Assignee: William Cox
>             Fix For: wd25
>
>
> Change paragraph beginning on 461 to
> Two parties can also engage in an option transaction. An option is a promise granted by one Party (Option Writer) to a second Party (Option Holder) usually for a premium payment.  The Option Holder is granted a right to invoke specific transactions for energy that the Option Writer promises to deliver. Demand response, ancillary services, and price cap transactions are forms of options.  Any Party may take the role of a Buyer or Seller of a tender for an option transaction. 

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