Common use of Settlement Facilities Clause in Contracts

Settlement Facilities. (a) Subject to paragraph (b), the Operator and all Market Participants must use the Austraclear electronic cash transfer system for the payment of amounts specified in Final Statements.

Settlement Facilities. (a) Subject to paragraph (b), the Operator and all Market Participants must use the Austraclear electronic cash transfer system for the payment of amounts specified in Final Statements. The Operator must ensure that an electronic funds transfer facility is made available to all Members and the Operator for use: if the Austraclear system is not available for Settlement; where agreed or determined by the Operator for the payment of ad hoc amounts under this agreement between the Operator and a Trading Participant; or for the payment by Viewing Participants of amounts invoiced under clause 18.8.