Amount of the collateral. The amount of the collateral is the sum of:
(i) The Monthly Capacity Fee of the Network User for the following two (2) months; and
(ii) The part of the Monthly Capacity Fee for Transmission Services of the previous month (M-1) subscribed during that month rounded upwards to the first thousand Euros (EUR 1,000).
Amount of the collateral. The amount of the Collateral shall be at least equal to the sum of the Network User’s average Balancing Monthly (and Self-billing) Fee and of the Network User’s maximum Balancing Monthly (and self-billing) Fee invoiced to Network User during the last twelve (12) Months rounded upwards to a multiple thousand Euro (EUR 1.000) with a minimum of one hundred thousand Euros (EUR 100.000) , subject to the following:
(i) Month(s) for which Network User did not nominate or trade any Natural Gas quantities within the BeLux Area are excluded from the calculation.
(ii) Any Month(s) for which Network User nominated or traded Natural Gas quantities but for which the Balancing Monthly Fee was lower or equal to zero Euro (EUR 0) will be taken into account as zero (0) Euro for the calculation.
(iii) If a Network User provided, in accordance with Article 2.13, twice (or more) a cash deposit during the last twelve (12) Months, the minimum Collateral shall be at least equal to twice the Network User’s maximum Balancing Monthly (and self-billing) Fee invoiced to Network User during the last twelve (12) Months rounded upwards to a multiple thousand Euro (EUR 1.000).
(iv) If a Network User subscribed the Imbalance Pooling Service for all Market Zones in which he has subscribed services at the TSOs, no Collateral must be foreseen, being understood that this exemption can only start when all open invoices, provisionally calculated if needed, are settled. At least once a year, the amount of the Collateral will be determined by Balancing Operator on the basis of the provisions in Article 7.2.2 and communicated by mail by Balancing Operator to Network User. The Network User shall ensure that within twenty
Amount of the collateral. The amount of the Collateral shall be at least equal to the sum of the Network User’s average Balancing Monthly (and Self-billing) Fee and of the Network User’s maximum Balancing Monthly (and self-billing) Fee invoiced to Network User during the last twelve
