Participant Payments” Establish whether there is any Shortfall. If there is no Shortfall go to step 14. Otherwise continue to step 8. Before 17:00, 4 WD after the date of issue of the Settlement Document - Market Operator - Draw down Credit Cover of a Participant with a Shortfall and follow Agreed Procedure 9 “Management of Credit Cover and Credit Default” as required. If Credit Cover draw down covers the whole of the Shortfall prior to payment of the Settlement Document go to step 14, otherwise continue to step 9. In sufficient time to meet payment deadline (before 17:00, 4 WD after the date of issue of the Settlement Document) - Market Operator - Calculate and Debit Notes for the applicable Participants. Before 17:00, 4 WD the date of issue of the Settlement Document Email / Facsimile Market Operator Reduced Participant Pay the net of the Settlement Document and the Debit Note to each Participant. Before 17:00, 4 WDs after the date of issue of the Settlement Document In accordance with Agreed Procedure 17 “Banking and Participant Payments” Market Operator Participant Issue a Default Notice to the Participant and if appropriate, initiate steps for Suspension in Agreed Procedure 18 "Suspension and Termination". Before 17:00, 4 WDs after the date of issue of the Settlement Document In accordance with Agreed Procedure 18 ”Suspension and Termination” Market Operator Defaulting Participant
Attempt to recover Unsecured Bad Debt. If Unsecured Bad Debt is recovered the Market Operator issues a Settlement Document for Unsecured Bad Debt. In timelines for the next Settlement Document for a Billing Period after recovery of monies. Email / Facsimile Market Operator Reduced Participant Pay Settlement Document for Unsecured Bad Debt. If there is still Unsecured Bad Debt, return to step 12, otherwise, end process. In timescales for the next Settlement Document for a Billing Period after recovery of monies. In accordance with Agreed Procedure 17 “Banking and Participant Payments” Market Operator Reduced Participant Payments due to Participants are issued. Before 17:00, 4 WDs after the date of issue of the Settlement Document In accordance with Agreed Procedure 17 “Banking and Participant Payments” Market Operator Participant Step Step Description Timing Method From / By To Produce and indicative Settlement Statements and Settlement Reports for the Capacity Period. Before 17:00, 3 WD after Capacity Period Balancing Market Interface Market Operator Participant Validate and if required raise Settlement Query. In accordance with Agreed Procedure 13 “Settlement Queries In accordance with Agreed Procedure 13 Participant Market Operator
Calculate and issue Debit Notes for the applicable Participants. Before 17:00, 4 WD the date of issue of the Settlement Document Email / Facsimile Market Operator Participant Pay the net of the Debit Note and Settlement Document to each Participant. Before 17:00, 4 WD the date of issue of the Self Billing Invoice In accordance with Agreed Procedure 17 “Banking and Participant Payments” Market Operator Participant Issue a Default Notice to the Participant and initiate Suspension procedure in Agreed Procedure 18 "Suspension and Termination". Before 17:00, 4 WD after the date or issue of the Settlement Document In accordance with Agreed Procedure 18 “Suspension and Termination” Market Operator Defaulting Participant Attempt to recover Unsecured Bad Debt. If Unsecured Bad Debt is recovered Market Operator issues a Settlement Document for Unsecured Bad Debt. In accordance with timelines for the next Settlement Document for a Capacity Period recovery of monies. Post, phone, fax Market Operator Reduced Participant Market Operator pays Settlement Document for Unsecured Bad Debt. If there is still Unsecured Bad Debt return to step 12, otherwise end process. In timescales for the next Settlement Documents for a Capacity Period after recovery of monies. In accordance with Agreed Procedure 17 “Banking and Participant Payments” Market Operator Reduced Participant Payments due to Participants are issued. Before 17:00, 4 WD after the date of issue In accordance with Agreed Procedure 17 “Banking and Market Operator Participant
of the Settlement Document Participant Payments” Step Step Description Timing Method From / By To Produce and issue Settlement Statements and Settlement Reports for Market Operator Charges as applicable. In accordance with the published Settlement Calendar. Balancing Market Interface Market Operator Participant Produce and issue Market Operator invoices for Market Operator Charges. In accordance with the published Settlement Calendar. Balancing Market Interface Market Operator Participant Payment of Market Operator invoice. In accordance with Agreed Procedure 17 “Banking and Participant Payments” In accordance with Agreed Procedure 17 “Banking and Participant Payments” Participants Market Operator Establish whether there is any Shortfall due to Variable Market Operator Charges. If there is no Shortfall due to Variable Market Operator Charges, end process, otherwise go to step 5. Within 5 WD of the issue of the Market Operator invoice - Market Operator - Market Operator attempts to recover Unsecured Bad Debt. As required - Market Operator -