Glossary
P123 – Assessment of Credit Cover following a Change in a Party’s Portfolio
Formal title: Assessment of 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
P123 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 an excessive calculation of Credit Assessment Energy Indebtedness. P123 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
The Authority approved the Proposed Modification 8 September 2003.