Section M contains the BSC rules regarding Credit Cover and Credit Default. It sets out how a Trading Party's Energy Indebtedness is calculated; the basis on which Trading Parties may lodge Credit Cover for their Energy Indebtedness; and what happens if this Credit Cover is insufficient and causes a Credit Default. It also includes arrangements for compensation payments to Trading Parties following certain calculation errors.

34.0

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

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

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

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

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

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

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

<div data-id="result-of-trading-dispute" style="text-align:left">Result of Trading Dispute</div>

<div data-id="credit-cover-errors-and-compensation" style="text-align:left"><u class='defined-term'>Credit Cover Error</u>s and Compensation</div>

<div data-id="section-m" style="text-align:left">Section M: Annex M-1, M-2 and M-3</div>

<div data-id="need-more-information" style="text-align:left">Need more information?</div>

CONTENTS

Section M: Credit Cover and Credit Default V34.0

Defined Terms

Cross-references