Requirement for Settlements and Prudential Methodology Sample Clauses

The 'Requirement for Settlements and Prudential Methodology' clause establishes the obligation for parties to follow specific procedures and standards when settling financial transactions and managing associated risks. It typically outlines the methods to be used for calculating settlement amounts, the timing of payments, and the risk management frameworks that must be adhered to, such as margin requirements or capital adequacy standards. By setting clear expectations for both settlement processes and risk controls, this clause helps ensure financial stability and reduces the likelihood of disputes or defaults between parties.
Requirement for Settlements and Prudential Methodology. (a) The Operator must establish a methodology for the calculation of Settlement Amounts payable under this agreement, together with the calculation of Prudential Exposure under clause 9.4.1 (
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Requirement for Settlements and Prudential Methodology. (a) The Operator must establish a methodology for the calculation of Settlement Amounts payable under this agreement, together with the calculation of Prudential Exposure under clause 9.4.1 (Settlements and Prudential Methodology). (b) The Settlements and Prudential Methodology may be contained in the same document as the Rules Methodology. (c) The Operator may amend the Settlements and Prudential Methodology after consulting with Market Participants using the process applicable to proposed amendments to this agreement under clauses 3.3 to 3.5. (d) If the Settlements and Prudential Methodology is contained in the same document as the Rules Methodology, the Operator must also comply with any additional requirements in the National Gas Rules applicable to the amendment of the Rules Methodology.
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