BSC Section N – Clearing, Invoicing and Payment

Section N contains the rules for the clearing, invoicing and payment of Parties’ Trading Charges and Reconciliation Charges by the Funds Administration Agent (FAA) and the BSC Clearer (Elexon Clear). It sets out: how Parties are notified of amounts payable; how Parties make or receive payments; the consequences of failing to make or receive payments; and how Parties’ Credit Cover is held and used.

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