<html><head></head><body><div data-id="1" style="text-align:left">1. What is the <u class="defined-term">Settlement</u> Calculation Hierarchy?</div></body></html>

<div data-id="2-2.1" style="text-align:left">2.1 ‘Calculate <u class='defined-term'>Credit Cover Percentage</u>’ Model</div>

<html><head></head><body><div data-id="2-2.2" style="text-align:left">2.2 ‘Calculate <u class="defined-term"><u class="defined-term">BM Unit</u> Allocated Demand Volume</u>’ Model</div></body></html>

<div data-id="2-2.3" style="text-align:left">2.3 ‘Calculation Trading Charges’ Model</div>

<div data-id="2-2.4" style="margin-left: 2em">2.4 Need more information?</div>

<html><head></head><body><div data-id="2" style="text-align:left">2. Using the <u class="defined-term">Settlement</u> Calculation Hierarchy?</div></body></html>

CONTENTS

Settlement Calculation Hierarchy V4.0

Defined Terms

Cross-references