Credit Limit. 1. The Allocation Platform shall calculate and continuously update the Credit Limit of each Registered Participant in respect of each subsequent Auction. The Credit Limit shall be equal to the amount of the collaterals in place minus any outstanding payment obligations. In case of a Bank Guarantee such Bank Guarantee shall be only considered if the requirements in Article 20 related to its validity for the respective Auction are fulfilled. The Allocation Platform shall make this information available to each Registered Participant individually through the Auction Tool. 2. Outstanding payment obligations are calculated according to Article 51 subject to additional rules in paragraph 3 of this Article and in Article 32. 3. For the purpose of the Credit Limit calculation, outstanding payment obligations shall be increased to include the taxes and levies in force subject to Article 52. Maximum payment obligations for a Registered Participant resulting from its Bid(s) registered at the closure of the Bidding Period, calculated according to Article 32, shall be considered provisionally as the outstanding payment obligations. From the publication of the Auction results the due amount notified according to Article 34 paragraph 3(b) and (c) shall be considered as outstanding payment obligations for Credit Limit calculation for any concurrent Auction and the Credit Limit shall be revised based on the actual allocated Daily Transmission Rights .
Appears in 8 contracts
Sources: Rules for Explicit Daily Capacity Allocation, Rules for Explicit Daily Capacity Allocation, Capacity Allocation Agreement
Credit Limit. 1. The Allocation Platform shall calculate and continuously update the Credit Limit of each Registered Participant in respect of each subsequent Auction. The Credit Limit shall be equal to the amount of the collaterals in place minus any outstanding payment obligations. In case of a Bank Guarantee such Bank Guarantee shall be only considered if the requirements in Article 20 related to its validity for the respective Auction are fulfilled. The Allocation Platform shall make this information available to each Registered Participant individually through the Auction Tool.
2. Outstanding payment obligations are calculated according to Article 51 subject to additional rules in paragraph 3 to 4 of this Article and in Article 32.
3. For the purpose of the Credit Limit calculation, outstanding payment obligations shall be increased to include the taxes and levies in force subject to Article 52. Maximum payment obligations for a Registered Participant resulting from its Bid(s) registered at the closure of the Bidding Period, calculated according to Article 32, shall be considered provisionally as the outstanding payment obligations. From the publication of the Auction results the due amount notified according to Article 34 paragraph 3(b) and (c) shall be considered as outstanding payment obligations for Credit Limit calculation for any concurrent Auction and the Credit Limit shall be revised based on the actual allocated Daily Transmission Rights .
Appears in 7 contracts
Sources: Capacity Allocation Rules, Capacity Allocation Rules, Rules for Explicit Daily Capacity Allocation
Credit Limit. 1. The Allocation Platform shall calculate and continuously update the Credit Limit of each Registered Participant in respect of each subsequent Auction. The Credit Limit shall be equal to the amount of the collaterals in place minus any outstanding payment obligations. In case of a Bank Guarantee such Bank Guarantee shall be only considered if the requirements in Article 20 related to its validity for the respective Auction are fulfilled. The Allocation Platform shall make this information available to each Registered Participant individually through the Auction Tool.
2. Outstanding payment obligations are calculated according to Article 51 47 subject to additional rules in paragraph 3 to 4 of this Article and in Article 32.
3. For the purpose of the Credit Limit calculation, outstanding payment obligations shall be increased to include the taxes and levies in force subject to Article 5248. Maximum payment obligations for a Registered Participant resulting from its Bid(s) registered at the closure of the Bidding Period, calculated according to Article 32, shall be considered provisionally as the outstanding payment obligations. From the publication of the Auction results the due amount notified according to Article 34 paragraph 3(b) and (c) shall be considered as outstanding payment obligations for Credit Limit calculation for any concurrent Auction and the Credit Limit shall be revised based on the actual allocated Daily Transmission Rights .
Appears in 5 contracts
Sources: Rules for Explicit Daily Capacity Allocation on Bidding Zone Borders Serviced by See Cao, Rules for Explicit Daily Capacity Allocation on Bidding Zone Borders Serviced by See Cao, Rules for Explicit Daily Capacity Allocation on Bidding Zone Borders Serviced by See Cao
Credit Limit. 1. The Allocation Platform shall calculate and continuously update the Credit Limit of each Registered Participant in respect of each subsequent Auction. The Credit Limit shall be equal to the amount of the collaterals in place minus any outstanding payment obligations. In case of a Bank Guarantee such Bank Guarantee shall be only considered if the requirements in Article 20 related to its validity for the respective Shadow Auction are fulfilled. The Allocation Platform shall make this information available to each Registered Participant individually through the Auction Tool.
2. Outstanding payment obligations are calculated according to Article 51 47 subject to additional rules in paragraph 3 to 4 of this Article and in Article 32.
3. For the purpose of the Credit Limit calculation, outstanding payment obligations shall be increased to include the taxes and levies in force subject to Article 5248.
4. Maximum payment obligations for a Registered Participant resulting from its Bid(s) registered at the closure of the Bidding Period, calculated according to Article 32, shall be considered provisionally as the outstanding payment obligations. From the publication of the Shadow Auction results the due amount notified according to Article 34 paragraph 3(b) and (c) shall be considered as outstanding payment obligations for Credit Limit calculation for any concurrent Auction and the Credit Limit shall be revised based on the actual allocated Daily Transmission Rights Rights.
Appears in 4 contracts
Sources: Shadow Allocation Rules, Shadow Allocation Rules, Shadow Allocation Rules
Credit Limit. 1. The Allocation Platform shall calculate and continuously update the Credit Limit of each Registered Participant in respect of each subsequent Auction. The Credit Limit shall be equal to the amount of the collaterals in place minus any outstanding payment obligations. In case of a Bank Guarantee such Bank Guarantee shall be only considered if the requirements in Article 20 related to its validity for the respective Auction are fulfilled. The Allocation Platform shall make this information available to each Registered Participant individually through the Auction Tool.
2. Outstanding payment obligations are calculated according to Article 51 47 subject to additional rules in paragraph 3 to 4 of this Article and in Article 32.
3. For the purpose of the Credit Limit calculation, outstanding payment obligations shall be increased to include the taxes and levies in force subject to Article 5248.
4. Maximum payment obligations for a Registered Participant resulting from its Bid(s) registered at the closure of the Bidding Period, calculated according to Article 32, shall be considered provisionally as the outstanding payment obligations. From the publication of the Auction results the due amount notified according to Article 34 paragraph 3(b) and (c) shall be considered as outstanding payment obligations for Credit Limit calculation for any concurrent Auction and the Credit Limit shall be revised based on the actual allocated Daily Transmission Rights Rights.
Appears in 3 contracts
Sources: Rules for Explicit Daily Capacity Allocation on Bidding Zone Borders Serviced by See Cao, Rules for Explicit Daily Capacity Allocation on Bidding Zone Borders, Rules for Explicit Daily Capacity Allocation on Bidding Zone Borders Serviced by See Cao
Credit Limit. 1. The Allocation Platform shall calculate and continuously update the Credit Limit of each Registered Participant in respect of each subsequent Auction. The Credit Limit shall be equal to the amount of the collaterals in place minus any outstanding payment obligations. In case of a Bank Guarantee such Bank Guarantee shall be only considered if the requirements in Article 20 related to its validity for the respective Auction are fulfilled. The Allocation Platform shall make this information available to each Registered Participant individually through the Auction Tool.
2. Outstanding payment obligations are calculated according to Article 51 43 subject to additional rules in paragraph 3 to 4 of this Article and in Article 3231.
3. For the purpose of the Credit Limit calculation, outstanding payment obligations shall be increased to include the taxes and levies in force subject to Article 5244.
4. Maximum payment obligations for a Registered Participant resulting from its Bid(s) registered at the closure of the Bidding Period, calculated according to Article 3231, shall be considered provisionally as the outstanding payment obligations. From the publication of the provisional Auction results until the moment when the Auction Results become final the due amount notified according to Article 34 33 paragraph 3(b) and 3 (c) shall be provisionally considered as outstanding payment obligations for Credit Limit calculation for any concurrent Auction and the Auction. The Credit Limit shall be revised based on the actual allocated Daily Transmission Rights when the provisional Auction results are published as described in CHAPTER 4.
Appears in 2 contracts
Sources: Allocation Rules for Intraday Capacity Allocation, Allocation Rules for Intraday Capacity Allocation
Credit Limit. 1. The Allocation Platform shall calculate and continuously update the Credit Limit of each Registered Participant in respect of each subsequent Auction. The Credit Limit shall be equal to the amount of the collaterals in place minus any outstanding payment obligations. In case of a Bank Guarantee such Bank Guarantee shall be only considered if the requirements in Article 20 related to its validity for the respective Auction are fulfilled. The Allocation Platform shall make this information available to each Registered Participant individually through the Auction Tool.
2. Outstanding payment obligations are calculated according to Article 51 43 subject to additional rules in paragraph paragraphs 3 to 4 of this Article and in Article 3231.
3. For the purpose of the Credit Limit calculation, outstanding payment obligations shall be increased to include the taxes and levies in force subject to Article 5244.
4. Maximum payment obligations for a Registered Participant resulting from its Bid(s) registered at the closure of the Bidding Period, calculated according to Article 3231, shall be considered provisionally as the outstanding payment obligations. From the publication of the Auction results the due amount notified according to Article 34 paragraph 3(b) and (c) shall be considered as outstanding payment obligations for Credit Limit calculation for any concurrent Auction and the The Credit Limit shall be revised based on the actual allocated Daily Intraday Transmission Rights when the final Auction results are published as described in CHAPTER 4.
Appears in 1 contract
Credit Limit. 1. The Allocation Platform shall calculate and continuously update the Credit Limit of each Registered Participant in respect of each subsequent Auction. The Credit Limit shall be equal to the amount of the collaterals in place minus any outstanding payment obligations. In case of a Bank Guarantee such Bank Guarantee shall be only considered if the requirements in Article 20 related to its validity for the respective Auction are fulfilled. The Allocation Platform shall make this information available to each Registered Participant individually through the Auction Tool.
2. Outstanding payment obligations are calculated according to Article 51 47 subject to additional rules in paragraph 3 to 4 of this Article and in Article 32.
3. For the purpose of the Credit Limit calculation, outstanding payment obligations shall be increased to include the taxes and levies in force subject to Article 5248. Maximum payment obligations for a Registered Participant resulting from its Bid(s) registered at the closure of the Bidding Period, calculated according to Article 32, shall be considered provisionally as the outstanding payment obligations. From the publication of the Auction results the due amount notified according to Article 34 paragraph 3(b) and (c) shall be considered as outstanding payment obligations for Credit Limit calculation for any concurrent Auction and the Credit Limit shall be revised based on the actual allocated Daily Transmission Rights Rights.
Appears in 1 contract
Sources: Rules for Explicit Daily Capacity Allocation on Bidding Zone Borders Serviced by See Cao
Credit Limit. 1. The Allocation Platform shall calculate and continuously update the Credit Limit of each Registered Participant in respect of each subsequent Auction. The Credit Limit shall be equal to the amount of the collaterals in place minus any outstanding payment obligations. In case of a Bank Guarantee such Bank Guarantee shall be only considered if the requirements in Article 20 related to its validity for the respective Auction are fulfilled. The Allocation Platform shall make this information available to each Registered Participant individually through the Auction Tool.
2. Outstanding payment obligations are calculated according to Article 51 43 subject to additional rules in paragraph paragraphs 3 to 4 of this Article and in Article 3231.
3. For the purpose of the Credit Limit calculation, outstanding payment obligations shall be increased to include the taxes and levies in force subject to Article 5244.
4. Maximum payment obligations for a Registered Participant resulting from its Bid(s) registered at the closure of the Bidding Period, calculated according to Article 3231, shall be considered provisionally as the outstanding payment obligations. From the publication of the provisional Auction results until the moment when the Auction results become final the due amount notified according to Article 34 33 paragraph 3(b) and 3 (c) shall be provisionally considered as outstanding payment obligations for Credit Limit calculation for any concurrent Auction and the Auction. The Credit Limit shall be revised based on the actual allocated Daily Intraday Transmission Rights when the provisional Auction results are published as described in CHAPTER 4.
Appears in 1 contract
Sources: Eleclink Intraday Allocation Rules
Credit Limit. 1. The Allocation Platform shall calculate and continuously update the Credit Limit of each Registered Participant in respect of each subsequent Auction. The Credit Limit shall be equal to the amount of the collaterals in place minus any outstanding payment obligations. In case of a Bank Guarantee such Bank Guarantee shall be only considered if the requirements in Article 20 related to its validity for the respective Auction are fulfilled. The Allocation Platform shall make this information available to each Registered Participant individually through the Auction Tool.
2. Outstanding payment obligations are calculated according to Article 51 subject to additional rules in paragraph 3 to 4 of this Article and in Article 32.
3. For the purpose of the Credit Limit calculation, outstanding payment obligations shall be increased to include the taxes and levies in force subject to Article 52.
4. Maximum payment obligations for a Registered Participant resulting from its Bid(s) registered at the closure of the Bidding Period, calculated according to Article 32, shall be considered provisionally as the outstanding payment obligations. From the publication of the Auction results the due amount notified according to Article 34 paragraph 3(b) and (c) shall be considered as outstanding payment obligations for Credit Limit calculation for any concurrent Auction and the Credit Limit shall be revised based on the actual allocated Daily Transmission Rights Rights.
Appears in 1 contract
Sources: Rules for Daily Capacity Allocation
Credit Limit. 1. The Allocation Platform shall calculate and continuously update the Credit Limit of each Registered Participant in respect of each subsequent Auction. The Credit Limit shall be equal to the amount of the collaterals in place minus any outstanding payment obligations. In case of a Bank Guarantee such Bank Guarantee shall be only considered if the requirements in Article 20 related to its validity for the respective Auction are fulfilled. The Allocation Platform shall make this information available to each Registered Participant individually through the Auction Tool.
2. Outstanding payment obligations are calculated according to Article 51 42 subject to additional rules in paragraph 3 to 4 of this Article and in Article 3231.
3. For the purpose of the Credit Limit calculation, outstanding payment obligations shall be increased to include the taxes and levies in force subject to Article 5243.
4. Maximum payment obligations for a Registered Participant resulting from its Bid(s) registered at the closure of the Bidding Period, calculated according to Article 3231, shall be considered provisionally as the outstanding payment obligations. From the publication of the Auction results the due amount notified according to Article 34 33 paragraph 3(b) and 3 (c) shall be considered as outstanding payment obligations for Credit Limit calculation for any concurrent Auction and the Credit Limit shall be revised based on the actual allocated Daily Transmission Rights Auction.
Appears in 1 contract
Credit Limit. β
1. The Allocation Platform shall calculate and continuously update the Credit Limit of each Registered Participant in respect of each subsequent Auction. The Credit Limit shall be equal to the amount of the collaterals in place minus any outstanding payment obligations. In case of a Bank Guarantee such Bank Guarantee shall be only considered if the requirements in Article 20 related to its validity for the respective Auction are fulfilled. The Allocation Platform shall make this information available to each Registered Participant individually through the Auction Tool.
2. Outstanding payment obligations are calculated according to Article 51 subject to additional rules in paragraph 3 of this Article and in Article 32.
3. For the purpose of the Credit Limit calculation, outstanding payment obligations shall be increased to include the taxes and levies in force subject to Article 52. Maximum payment obligations for a Registered Participant resulting from its Bid(s) registered at the closure of the Bidding Period, calculated according to Article 32, shall be considered provisionally as the outstanding payment obligations. From the publication of the Auction results the due amount notified according to Article 34 paragraph 3(b) and (c) shall be considered as outstanding payment obligations for Credit Limit calculation for any concurrent Auction and the Credit Limit shall be revised based on the actual allocated Daily Transmission Rights Rights.
Appears in 1 contract