Elexon explains what's included in the BSC's credit checking process, what happens if BSC Parties breach the Credit Default thresholds, and how Credit Default interacts with Payment Default and BSC Default.

<div data-id="level-1-credit-default" style="text-align:left"><u class='defined-term'>Level 1 Credit Default</u></div>

<div data-id="how-is-credit-default-linked-to-payment-default" style="text-align:left">How is <u class='defined-term'>Credit Default</u> Linked to Payment <u class='defined-term'>Default</u>?</div>

<div data-id="how-is-credit-default-linked-to-section-h-default" style="text-align:left">How is <u class='defined-term'>Credit Default</u> Linked to Section H <u class='defined-term'>Default</u>?</div>

<div data-id="level-2-credit-default" style="text-align:left"><u class='defined-term'>Level 2 Credit Default</u></div>

<div data-id="introduction" style="text-align:left">Introduction</div>

<div data-id="credit-cover-guidance" style="text-align:left"><u class='defined-term'>Credit Cover</u> Guidance</div>

<div data-id="what-is-the-credit-checking-process" style="text-align:left">What is the Credit Checking Process?</div>

<div data-id="what-happens-if-i-exceed-the-credit-default-thresholds" style="text-align:left">What Happens if I exceed the <u class='defined-term'>Credit Default</u> Thresholds?</div>

<div data-id="further-information" style="text-align:left">Further Information</div>

CONTENTS

Credit Default V8.0

Defined Terms

Cross-references