Tag: Settlement Day (2 items)

Do I need to lodge collateral (credit cover) with ELEXON?

Charges are made to or by Party’s as a result of any imbalance (Trading Charges) 29 days after a Settlement Day. Credit Cover ensures that we have enough collateral from you to cover these payments and subsequently all other Trading Parties if you cannot make them. We don’t specify the amount of Credit Cover you […]

What are the Credit rules under the BSC?

Under the BSC arrangements, payments to and from Trading Parties in respect of Trading Charges arising on any particular Settlement Day are made, on average, twenty-nine calendar days later…