“Settlement Queries” Market Produce and issue initial Settlement Statements and Before 12:00 5WD Balancing Participant Operator Settlement Rerun for the Capacity Period. Capacity Period Market Interface Validate and if required raise Settlement Query In accordance with In accordance Participant Market Agreed Procedure 13 with Agreed Operator Queries” Procedure 13 “Settlement “Settlement Queries Produce and issue Settlement Documents based on the In accordance with Balancing Market Participant Initial Settlement Statements and Settlement Reports, paragraph G.2.5.3 of Market Interface Operator Settlement Rerun and Settlement Reallocation the Code Agreements. Payment of Settlement Documents. By 12:00 3 WD after In accordance Participants Market the date of issue of with Agreed Operator the Settlement Procedure 17 Document and “Banking Participant Payments” Establish whether there is a Shortfall. If there is no Before 17:00 4 WD - Market - Shortfall go to step 14. Otherwise continue to step 8. after the date of issue Operator of the Settlement Document Draw down Credit Cover of any Participant with a Shortfall In sufficient time to - Market - and follow Agreed Procedure 9 of Credit meet payment Operator “Management Cover and Credit Default” as required. deadline (before 17:00 4 WD after the If Credit Cover drawdown covers the whole amount of the date of issue of the Shortfall prior to payment of the Settlement Document, go Settlement to step 14. Otherwise, go to step 9. Document)
“Settlement Queries” Produce and issue initial Settlement Statements and Settlement Rerun for the Capacity Period. Before 12:00 5WD Capacity Period Balancing Market Interface Market Operator Participant Validate and if required raise Settlement Query In accordance with Agreed Procedure 13 “Settlement Queries” In accordance with Agreed Procedure 13 “Settlement Queries Participant Market Operator Produce and issue Settlement Documents based on the Initial Settlement Statements and Settlement Reports, Settlement Rerun and Settlement Reallocation Agreements. In accordance with paragraph G.2.5.3 of the Code Balancing Market Interface Market Operator Participant Payment of Settlement Documents. By 12:00 3 WD after the date of issue of the Settlement Document In accordance with Agreed Procedure 17 “Banking and Participant Payments” Participants Market Operator Establish whether there is a Shortfall. If there is no Shortfall go to step 14. Otherwise continue to step 8. Before 17:00 4 WD after the date of issue of the Settlement Document - Market Operator - Draw down Credit Cover of any Participant with a Shortfall and follow Agreed Procedure 9 “Management of Credit Cover and Credit Default” as required. If Credit Cover drawdown covers the whole amount of the Shortfall prior to payment of the Settlement Document, go to step 14. Otherwise, go to step 9. In sufficient time to meet payment deadline (before 17:00 4 WD after the date of issue of the Settlement Document) - Market Operator -