Glossary
P469 ‘Credit Default Refusal and Rejection Period’
Formal title: P469 'Credit Default Refusal and Rejection Period Modification'
P469 proposal seeks to delay the Credit Default Refusal and Rejection Periods. This change would give parties a two-hour window from the Level 2 Credit Default notification until the time when any Energy Contract Volume Notifications (ECVN) related to a defaulting party are rejected.
To implement the proposed Solution, this Modification aims to change BSC Section M, 3.3.3 a (i) and (ii).
Current Status
Submission
Assessment Procedure
Report Phase
With Authority
Awaiting Implementation
Implemented