This Agreed Procedure describes the specific procedures and directives for Emergency Communications with which Parties to the Trading and Settlement Code (the must comply. “Code”) This Agreed Procedure defines the process requirements for communication of data required for Settlement outside of normal operation of the IT systems. For the avoidance of this Agreed Procedure does not apply to REMIT Data; however, the Market Operator will comply with all requirements set out by the European Agency for the Cooperation of Energy Regulators where events which relate to communication channels and system performance will impact on REMIT Data Transactions. All allowable forms of non-standard communication listed in order of preference that may be necessary in the event of a General Communication Failure, a General System Failure or a Limited Communication Failure are detailed in the procedure The procedure also includes the process to be followed by the Market Operator in notifying the market that a General Communication Failure or a General System Failure is in effect, the responsibilities of impacted Parties when this state is declared and updates issued by the Market Operator during the emergency situation. This Agreed Procedure forms an annexe to, and is governed by, the Code. This document is a statement of process and procedure. Parties’ rights and obligations are set out in the Code. Save as expressly defined, words and expressions defined in the Code shall have the same meanings when used in this Agreed Procedure. References to particular sections relate internally to this Agreed Procedure unless specifically noted. Compliance with this Agreed Procedure is required the terms as set out in the Code.
This Agreed Procedure describes the specific procedures and directives for Emergency Communications with which Parties to the Trading and Settlement Code (the “Code”) must comply. This Agreed Procedure defines the process requirements for communication of data required for Settlement outside of normal operation of the IT systems. For the avoidance of this Agreed Procedure does not apply to REMIT Data; however, the Market Operator will comply with all requirements set out by the European Agency for the Cooperation of Energy Regulators where events which relate to communication channels and system performance will impact on REMIT Data Transactions. All allowable forms of non-standard communication listed in order of preference that may be necessary in the event of a General Communication Failure, a General System Failure or a Limited Communication Failure are detailed in the procedure The procedure also includes the process to be followed by the Market Operator in notifying the market that a General Communication Failure or a General System Failure is in effect, the responsibilities of impacted Parties when this state is declared and updates issued by the Market Operator during the emergency situation. This Agreed Procedure forms an annexe to, and is governed by, the Code. This document is a statement of process and procedure. Parties’ rights and obligations are set out in the Code. Save as expressly defined, words and expressions defined in the Code shall have the same meanings when used in this Agreed Procedure. References to particular sections relate internally to this Agreed Procedure unless specifically noted. Compliance with this Agreed Procedure is required the terms as set out in the Code.