HomeRulebook HomeBalancing and Settlement CodeBSC ProceduresBSCp301 Clearing Invoicing and Payment
Previous version
Next version

CONTENTS

  • 1 Introduction
    • 1.1 Purpose and Scope of the Procedure
    • 1.2 Main Users of the Procedure and their Responsibilities
    • 1.3 Key Milestones
    • 1.4 Balancing and Settlement Code Provision
    • 1.5 Associated BSC Procedures
  • 2 Acronyms and Definitions
  • 3 This section is no longer in use
  • 4 Interface and Timetable Information
    • 4.1 Payment Calendar and Settlement Calendar
    • 4.2 Calculate and Arrange Payments
    • 4.3 Payment Procedure
    • 4.4 Payment Default
    • 4.5 Maintain Arrangements with Banks
      • 4.5.1 Obtain new and changed banking details and authorisations
      • 4.5.2 Quarterly / Ad hoc Statements (provided to Parties and Customs and Excise for VAT purposes)
    • 4.6 Manage Credit Cover
      • 4.6.1 Reduction of Credit Cover by Parties not in Default
      • 4.6.2 Reduction of Credit Cover by Withdrawing Parties in Default solely by virtue of Section H3.1.1(g)
      • 4.6.3 Reduction of Credit Cover by Non-Supplier Trading Parties in Default solely by virtue of Section H3.1.1(g).
      • 4.6.4 Creation or Increase of Credit Cover
    • 4.7 Ad Hoc Inputs
    • 4.8 Threshold Governance
  • 5. Appendices
    • 5.1 Summary of Forms
      • 5.1.1 Not in use. BSCP301/01a
      • 5.1.2 Not in use. BSCP301/025.1.3 Not in use. BSCP301/03a
      • 5.1.5 Not in use. BSCP301/05a
      • 5.1.6 Not in use. BSCP301/05b
      • 5.1.6 BSCP301/06 Minimum Eligible Amount Request Form
      • 5.1.7 BSCP301/07 Minimum Eligible Amount Report Form
    • 5.2 Bank Accounts Context Diagram
  • AMENDMENT RECORD – BSCP301

BSCP301: Clearing Invoicing and Payment V23.0

Effective From Date:28/09/2026
Status:LIVE
Other versions
Download Forms
Download