<div data-id="how-does-the-credit-calculation-and-credit-default-process-work" style="text-align:left">How Does the Credit Calculation and <u class='defined-term'>Credit Default</u> Process Work?</div>

<div data-id="what-is-material-doubt" style="text-align:left">What is Material Doubt?</div>

<div data-id="general-principle" style="text-align:left">General Principle</div>

<div data-id="specific-instance" style="text-align:left">Specific Instance</div>

<div data-id="examples" style="text-align:left">Examples</div>

<div data-id="on-what-grounds-can-i-claim-material-doubt" style="text-align:left">On What Grounds Can I Claim Material Doubt?</div>

<div data-id="general-principle" style="text-align:left">General principle</div>

<div data-id="how-is-material-doubt-assessed" style="text-align:left">How is Material Doubt Assessed?</div>

<div data-id="what-information-should-i-provide" style="text-align:left">What Information Should I Provide?</div>

<div data-id="when-should-i-provide-evidence" style="text-align:left">When Should I Provide Evidence?</div>

<div data-id="how-does-elexon-assess-material-doubt" style="text-align:left">How Does Elexon Assess Material Doubt?</div>

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

CONTENTS

Material Doubt Section M Guidance Note V9.0