HomeRulebook HomeBalancing and Settlement CodeBSCBSC Section M Credit Cover and Credit Default
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CONTENTS

  • SECTION M: CREDIT COVER AND CREDIT DEFAULT
    • 1. GENERAL
      • 1.1 Introduction
      • 1.2 Energy Indebtedness
      • 1.3 Authority for steps under Sections M and P
      • 1.4 Credit Assessment Price
      • 1.5 Credit Assessment Load Factor
      • 1.5A Annual Holiday Periods
      • 1.6 Import and Export Capabilities
      • 1.7 Material Doubt Guidance
      • 1.8 Final Physical Notification Data Review
    • 2. CREDIT COVER AND ENERGY CREDIT COVER
      • 2.1 Provision of Credit Cover
      • 2.2 Letter of Credit and Approved Insurance Product
      • 2.3 Reduction of Credit Cover
      • 2.3A Reduction of Credit Cover for Non-Supplier Trading Party
      • 2.4 Determination of Energy Credit Cover
    • 3. CREDIT DEFAULT STATUS
      • 3.1 General
      • 3.2 Level 1 Credit Default
      • 3.3 Level 2 Credit Default
      • 3.4 Authorisation by BSCCo
      • 3.5 Result of Trading Dispute, etc
      • 3.6 BMRS and BSC Website
    • 4. CREDIT COVER ERRORS AND COMPENSATION
      • 4.1 Introduction
      • 4.2 Credit Cover Error Compensation
      • 4.3 Procedures
    • ANNEX M-1
      • Form of Letter of Credit (UCP 500)
    • ANNEX M-2
      • Form of Letter of Credit (UCP 600)
    • ANNEX M-3
      • Form of Letter of Credit (ISP98)
    • ANNEX M-4
      • 1. Requirements of an Approved Insurance Product
    • AMENDMENT RECORD – SECTION M

BSC Section M: Credit Cover and Credit Default V35.0

Effective From Date:27/02/2025
Status:LIVE
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