Common use of Location Swaps Clause in Contracts

Location Swaps. For a Location Swap Transaction, the quantity made available for delivery and accepted on each Gas Day and the Delivery Variance Quantity are determined separately for each of the Swap Receipt Point and a Swap Delivery Point. In addition, a Net Swap Imbalance is calculated for both the Buyer and Seller in accordance with the Rules Methodology based on the difference between the delivered quantity at the Swap Delivery Point less the delivered quantity at the Swap Receipt Point (in each case as notified under clause 15.2(b)(i)).