The Funds Administration Agent is responsible for effecting the transfer of funds between Payment Parties for trades made in the Balancing Mechanism and for imbalance settlement. This document describes the detailed requirements of this service.

32.0

<div data-id="1-1.1" style="margin-left:0.79in;text-indent:-0.79in;text-align: justify">1.1 Management Summary</div>

<div data-id="1-1.2" style="margin-left:0.79in;text-indent:-0.79in;text-align: justify">1.2 Purpose</div>

<div data-id="1-1.3" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">1.3 Status</div>

<div data-id="1-1.4" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">1.4 Related Documents</div>

<div data-id="1" style="margin-left:0.79in;text-indent:-0.79in;text-align: justify">1. Introduction</div>

<div data-id="2-2.1-2.1.1" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.1.1 Produce Draft <u class='defined-term'>Payment Calendar</u></div>

<div data-id="2-2.1-2.1.2" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.1.2 Manage <u class='defined-term'>Credit Cover</u></div>

<div data-id="2-2.1-2.1.3" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.1.3 Calculate <u class='defined-term'>Energy Credit Cover</u></div>

<div data-id="2-2.1-2.1.4" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.1.4 Establish <u class='defined-term'>Credit Cover</u> Provided</div>

<div data-id="2-2.1-2.1.5" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.1.5 Monitor <u class='defined-term'>Credit Cover</u> Provided</div>

<div data-id="2-2.1-2.1.6" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.1.6 Recalculate ECC</div>

<div data-id="2-2.1-2.1.7" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.1.7 Declare <u class='defined-term'>Default</u>s</div>

<div data-id="2-2.1-2.1.8" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.1.8 Utilise <u class='defined-term'>Credit Cover</u></div>

<div data-id="2-2.1-2.1.9" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.1.9 Maintain <u class='defined-term'>BSCCo</u> Bank Accounts</div>

<div data-id="2-2.1-2.1.10" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.1.10 Manage Banking <u class='defined-term'>Communication</u></div>

<div data-id="2-2.1-2.1.11" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.1.11 Calculate Payments</div>

<div data-id="2-2.1-2.1.13" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.1.13 Produce Statements</div>

<div data-id="2-2.1-2.1.14" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.1.14 Produce Bank Reports</div>

<div data-id="2-2.1-2.1.15" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.1.15 Manage Non-Payments</div>

<div data-id="2-2.1-2.1.16" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.1.16 Manage Excess Payments</div>

<div data-id="2-2.1-2.1.17" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.1.17 Initiate Payments to Creditors</div>

<div data-id="2-2.1-2.1.18" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.1.18 Manage Short-Term Borrowing Arrangements</div>

<div data-id="2-2.1-2.1.19" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.1.19 Maintain Bank Contact Standing Data</div>

<div data-id="2-2.1-2.1.21" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.1.21 Maintain BSC <u class='defined-term'>Party</u> Standing Data</div>

<div data-id="2-2.1-2.1.22" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.1.22 Maintain <u class='defined-term'>Base Rate</u>s</div>

<div data-id="2-2.1-2.1.23" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.1.23 Maintain VAT Information</div>

<div data-id="2-2.1-2.1.25" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.1.25 Produce <u class='defined-term'>Quarter</u>ly Statements</div>

<div data-id="2-2.1-2.1.26" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.1.26 Produce <u class='defined-term'>BSCCo</u> <u class='defined-term'>Quarter</u>ly VAT Statements</div>

<div data-id="2-2.1-2.1.27" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.1.27 Monitor Bank Credit Ratings</div>

<div data-id="2-2.1-2.1.28" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.1.28 Calculate <u class='defined-term'>Reserve Account</u> Interest</div>

<div data-id="2-2.1-2.1.29" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.1.29 Establish Outstanding Liabilities and <u class='defined-term'>Credit Cover</u></div>

<div data-id="2-2.1-2.1.30" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.1.30 Maintain Tax <u class='defined-term'>Quarter</u></div>

<div data-id="2-2.1-2.1.31" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.1.31 Generate <u class='defined-term'>Invoices</u></div>

<div data-id="2-2.1-2.1.32" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.1.32 Produce <u class='defined-term'>Default</u> Statements</div>

<div data-id="2-2.1-2.1.34" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.1.34 Monitor Thresholds</div>

<div data-id="2-2.1-2.1.35" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.1.35 Produce Ad-Hoc Statements</div>

<div data-id="2-2.1" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.1 Functional Requirements</div>

<div data-id="2-2.2-2.2.1" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.2.1 Issue Draft <u class='defined-term'>Payment Calendar</u></div>

<div data-id="2-2.2-2.2.2" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.2.2 Obtain Approval of <u class='defined-term'>Payment Calendar</u></div>

<div data-id="2-2.2-2.2.3" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.2.3 Issue Agreed <u class='defined-term'>Payment Calendar</u></div>

<div data-id="2-2.2-2.2.4" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.2.4 Receive Credit Policy</div>

<div data-id="2-2.2-2.2.5" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.2.5 Obtain Credit Ratings</div>

<div data-id="2-2.2-2.2.6" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.2.6 Request <u class='defined-term'>Credit Cover</u></div>

<div data-id="2-2.2-2.2.7" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.2.7 Issue Credit Call Request</div>

<div data-id="2-2.2-2.2.8" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.2.8 Issue <u class='defined-term'>Acceptance</u> of Credit Limit</div>

<div data-id="2-2.2-2.2.9" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.2.9 Issue Confirmation of ECC</div>

<div data-id="2-2.2-2.2.10" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.2.10 Obtain <u class='defined-term'>Credit Cover</u></div>

<div data-id="2-2.2-2.2.11" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.2.11 Obtain <u class='defined-term'>Base Rate</u> Details</div>

<div data-id="2-2.2-2.2.14" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.2.14 Issue <u class='defined-term'>Credit Cover</u> <u class='defined-term'>Default</u> Notice</div>

<div data-id="2-2.2-2.2.15" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.2.15 Receive <u class='defined-term'>ECVAA</u> Exception Report</div>

<div data-id="2-2.2-2.2.16" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.2.16 Obtain BSC <u class='defined-term'>Party</u> Bank Details</div>

<div data-id="2-2.2-2.2.18" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.2.18 Issue Statements</div>

<div data-id="2-2.2-2.2.19" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.2.19 Issue Bank Reports</div>

<div data-id="2-2.2-2.2.20" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.2.20 Receive Payment Confirmations</div>

<div data-id="2-2.2-2.2.21" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.2.21 Receive Non-receipt Notifications</div>

<div data-id="2-2.2-2.2.22" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.2.22 Issue Payment <u class='defined-term'>Default</u> Notice</div>

<div data-id="2-2.2-2.2.24" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.2.24 Issue <u class='defined-term'>Quarter</u>ly Statements</div>

<div data-id="2-2.2-2.2.25" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.2.25 Issue VAT <u class='defined-term'>Quarter</u>ly Statements to <u class='defined-term'>BSCCo</u></div>

<div data-id="2-2.2-2.2.26" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.2.26 Receive Credits &amp; Debits</div>

<div data-id="2-2.2-2.2.27" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.2.27 Receive Revised Credits &amp; Debits</div>

<div data-id="2-2.2-2.2.28" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.2.28 Receive Extra <u class='defined-term'>Settlement</u> Determination Data</div>

<div data-id="2-2.2-2.2.29" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.2.29 Issue <u class='defined-term'>Payment Date</u> Exception Report</div>

<div data-id="2-2.2-2.2.30" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.2.30 Pay <u class='defined-term'>Reserve Account</u> Interest</div>

<div data-id="2-2.2-2.2.31" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.2.31 Obtain Tax <u class='defined-term'>Quarter</u>s</div>

<div data-id="2-2.2-2.2.32" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.2.32 Issue <u class='defined-term'>Invoices</u></div>

<div data-id="2-2.2-2.2.33" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.2.33 Issue <u class='defined-term'>Default</u> Statements</div>

<div data-id="2-2.2-2.2.35" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.2.35 Issue Ad-Hoc Statements</div>

<div data-id="2-2.2" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.2 Interface Requirements</div>

<div data-id="2-2.3-2.3.1" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.3.1 Audit Requirements</div>

<div data-id="2-2.3-2.3.2" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.3.2 Security Requirements</div>

<div data-id="2-2.3-2.3.3" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.3.3 Operational Control</div>

<div data-id="2-2.3-2.3.4" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.3.4 Euro Compliance</div>

<div data-id="2-2.3" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.3 Non-functional Requirements</div>

<div data-id="2-2.4-2.4.1" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.4.1 Backup and Recovery Requirements</div>

<div data-id="2-2.4-2.4.2" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.4.2 Archiving Requirements</div>

<div data-id="2-2.4-2.4.3" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.4.3 Resilience Requirements</div>

<div data-id="2-2.4-2.4.4" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.4.4 Volumetric Requirements</div>

<div data-id="2-2.4-2.4.5" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.4.5 Reports on FAA Performance</div>

<div data-id="2-2.4-2.4.6" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.4.6 Problem Management</div>

<div data-id="2-2.4-2.4.7" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.4.7 Invest <u class='defined-term'>Credit Cover</u></div>

<div data-id="2-2.4" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2.4 Service Requirements</div>

<div data-id="2" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">2 Requirements Catalogue</div>

<div data-id="3-3.1" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">3.1 Project Context</div>

<div data-id="3-3.2-3.2.2" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">3.2.2 <u class='defined-term'>Invoices</u> &amp; Supporting Documentation</div>

<div data-id="3-3.2-3.2.3" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">3.2.3 Initial Debits/Credits</div>

<div data-id="3-3.2-3.2.4" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">3.2.4 Revised Debits/Credits</div>

<div data-id="3-3.2-3.2.5" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">3.2.5 Payment Instructions</div>

<div data-id="3-3.2-3.2.6" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">3.2.6 <u class='defined-term'>Payment Calendar</u> Interface</div>

<div data-id="3-3.2-3.2.7" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">3.2.7 Credit Limit</div>

<div data-id="3-3.2-3.2.8" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">3.2.8 <u class='defined-term'>Energy Credit Cover</u></div>

<div data-id="3-3.2-3.2.9" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">3.2.9 <u class='defined-term'>BM Unit</u> Details</div>

<div data-id="3-3.2-3.2.10" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">3.2.10 Credit Policy</div>

<div data-id="3-3.2" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">3.2 High Level Dataflows and Events</div>

<div data-id="3" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">3 Process Overview</div>

<div data-id="4" style="margin-left:0.79in;text-align:left;text-indent:-0.79in">4 User Roles &amp; Activities</div>

<div data-id="appendix-i-assumptions" style="margin-left:1.58in;text-align:left;text-indent:-1.58in">Appendix I Assumptions</div>

<div data-id="appendix-ii-logical-data-structure" style="margin-left:1.58in;text-align:left;text-indent:-1.58in">Appendix II logical data structure</div>

<div data-id="appendix-iii-glossary-of-terms" style="margin-left:1.58in;text-align:left;text-indent:-1.58in">Appendix III Glossary of terms</div>

CONTENTS

Funds Administration Agent V32.0