Receive notification of the cancellation of the Within 1 WD of - Debited Settlement Reallocation Agreement. submission Participant, Credited End Process. Participant If a cancellation of the Settlement Reallocation would After submission (on Type 1 Market Credited cause the Required Credit Cover of the Credited the same WD) Channel Operator Participant Participant to breach their Posted Credit Cover then notify the Credited Participant that the cancellation cannot take place until sufficient Credit Cover has been posted. Lodge additional Credit Cover, if required to do so or Refer to AP9 of Credit Cover and Credit Default” “Management if there remains a requirement to cancel the Settlement Reallocation Agreement. If the Credited Participant lodges additional Credit Within 2 WDs of Market within 2 Working Days of receipt of the Credit Cover Operator notification of a refusal to cancel the Settlement Increase Notice Reallocation, then go to SR3.8 otherwise go to SR3.9. Execute the cancellation of the Settlement Within 1 WD of Type 1 Market Debited Reallocation Agreement and notify Participants that increase in Posted Operator Participant, Settlement Reallocation Agreement has been Credit Credited cancelled completing Part C of the Settlement Participant Reallocation cancellation form. End Process
Receive notification of the cancellation of the Settlement Reallocation Agreement. End Process. Within 1 WD of submission - Debited Participant, Credited Participant If a cancellation of the Settlement Reallocation would cause the Required Credit Cover of the Credited Participant to breach their Posted Credit Cover then notify the Credited Participant that the cancellation cannot take place until sufficient Credit Cover has been posted. After submission (on the same WD) Type 1 Channel Market Operator Credited Participant Lodge additional Credit Cover, if required to do so or if there remains a requirement to cancel the Settlement Reallocation Agreement. Refer to AP9 “Management of Credit Cover and Credit Default” If the Credited Participant lodges additional Credit within 2 Working Days of receipt of the notification of a refusal to cancel the Settlement Reallocation, then go to SR3.8 otherwise go to SR3.9. Within 2 WDs of Credit Cover Increase Notice Market Operator Execute the cancellation of the Settlement Reallocation Agreement and notify Participants that Settlement Reallocation Agreement has been cancelled completing Part C of the Settlement Reallocation cancellation form. End Process Within 1 WD of increase in Posted Credit Type 1 Market Operator Debited Participant, Credited Participant