BSCP301 sets out the detailed processes used by the Funds Administration Agent (FAA) to transfer funds between Parties and the BSC Clearer for Settlement. It also defines the process by which Parties can increase or reduce their Credit Cover under the BSC.

22.0

<div data-id="1-1.1" style="margin-left:0.59in;text-align:left;text-indent:-0.59in">1.1 Purpose and Scope of the Procedure</div>

<div data-id="1-1.2" style="margin-left:0.59in;text-align:left;text-indent:-0.59in">1.2 Main Users of the Procedure and their Responsibilities</div>

<div data-id="1-1.3" style="margin-left:0.59in;text-align:left;text-indent:-0.59in">1.3 Key Milestones</div>

<div data-id="1-1.4" style="margin-left:0.59in;text-align:left;text-indent:-0.59in">1.4 Balancing and <u class='defined-term'>Settlement</u> <u class='defined-term'>Code</u> Provision</div>

<div data-id="1-1.5" style="margin-left:0.59in;text-align:left;text-indent:-0.59in">1.5 Associated <u class='defined-term'>BSC Procedure</u>s</div>

<div data-id="1" style="text-align:left">1 Introduction</div>

<div data-id="2" style="text-align:left">2 Acronyms and Definitions</div>

<div data-id="3" style="text-align:left">3 This section is no longer in use</div>

<div data-id="4-4.1" style="margin-left:0.59in;text-align:left;text-indent:-0.59in">4.1 <u class='defined-term'>Payment Calendar</u> and <u class='defined-term'>Settlement Calendar</u></div>

<div data-id="4-4.2" style="margin-left:0.59in;text-align:left;text-indent:-0.59in">4.2 Calculate and Arrange Payments</div>

<div data-id="4-4.3" style="margin-left:0.59in;text-align:left;text-indent:-0.59in">4.3 Payment Procedure</div>

<div data-id="4-4.4" style="margin-left:0.59in;text-align:left;text-indent:-0.59in">4.4 Payment <u class='defined-term'>Default</u></div>

<div data-id="4-4.5-4.5.1" style="margin-left:0.59in;text-align:left;text-indent:-0.59in">4.5.1 Obtain new and changed banking details and authorisations</div>

<div data-id="4-4.5-4.5.2" style="margin-left:0.59in;text-align:left;text-indent:-0.59in">4.5.2 <u class='defined-term'>Quarter</u>ly / Ad hoc Statements (provided to Parties and Customs and Excise for VAT purposes)</div>

<div data-id="4-4.5" style="margin-left:0.59in;text-align:left;text-indent:-0.59in">4.5 Maintain Arrangements with Banks</div>

<div data-id="4-4.6-4.6.1" style="margin-left:0.59in;text-align:left;text-indent:-0.59in">4.6.1 Reduction of <u class='defined-term'>Credit Cover</u> by Parties not in <u class='defined-term'>Default</u></div>

<div data-id="4-4.6-4.6.2" style="margin-left:0.59in;text-align:left;text-indent:-0.59in">4.6.2 Reduction of <u class='defined-term'>Credit Cover</u> by Withdrawing Parties in <u class='defined-term'>Default</u> solely by virtue of Section H3.1.1(g)</div>

<div data-id="4-4.6-4.6.3" style="margin-left:0.59in;text-align:left;text-indent:-0.59in">4.6.3 Reduction of <u class='defined-term'>Credit Cover</u> by Non-<u class='defined-term'>Supplier</u> Trading Parties in <u class='defined-term'>Default</u> solely by virtue of Section H3.1.1(g).</div>

<div data-id="4-4.6-4.6.4" style="margin-left:0.59in;text-align:left;text-indent:-0.59in">4.6.4 Creation or Increase of <u class='defined-term'>Credit Cover</u></div>

<div data-id="4-4.6" style="margin-left:0.59in;text-align:left;text-indent:-0.59in">4.6 Manage <u class='defined-term'>Credit Cover</u></div>

<div data-id="4-4.7" style="margin-left:0.59in;text-align:left;text-indent:-0.59in">4.7 Ad Hoc Inputs</div>

<div data-id="4-4.8" style="margin-left:0.59in;text-align:left;text-indent:-0.59in">4.8 Threshold Governance</div>

<div data-id="4" style="text-align:left">4 Interface and Timetable Information</div>

<div data-id="5-5.1-5.1.6" style="margin-left:0.59in;text-align:left;text-indent:-0.59in">5.1.6 BSCP301/06 Minimum Eligible Amount Request Form</div>

<div data-id="5-5.1-5.1.7" style="margin-left:0.59in;text-align:left;text-indent:-0.59in">5.1.7 BSCP301/07 Minimum Eligible Amount Report Form</div>

<div data-id="5-5.1" style="margin-left:0.59in;text-align:left;text-indent:-0.59in">5.1 Summary of Forms</div>

<div data-id="5-5.2" style="margin-left:0.59in;text-align:left;text-indent:-0.59in">5.2 Bank Accounts Context Diagram</div>

<div data-id="5" style="margin-left:0.59in;text-align:left;text-indent:-0.59in">5. Appendices</div>

<div data-id="amendment-record--bscp301" style="text-align: center">AMENDMENT RECORD – BSCP301</div>

CONTENTS

BSCP301: Clearing Invoicing and Payment V22.0