Glossary
P121 Credit Cover following a change in a Party’s Portfolio
Formal title: Credit Cover following a change in a Party's Portfolio
Current Status
Submission
Initial Written Assessment
Assessment Procedure
Report Phase
With Authority
Awaiting Implementation
Implemented
Summary
P121 seeks to remove perceived defects within the Code with regard to credit cover following a change in a Party’s portfolio. The proposal details instances where a trading party may face either an excessive, or an under calculation of, Credit Assessment Energy Indebtedness. P121 seeks to remove this perceived distortion of the competitive market and any resulting discrimination against smaller Suppliers, who may potentially be placed in breach of the Code.
Progression
P121 was withdrawn by the proposer on 27 March 2003.