Common use of Trading capacity for Appointing Members and Nominated Clause in Contracts

Trading capacity for Appointing Members and Nominated. DWGM Participants (a) A Trading Participant must be appointed as an Agent Member for an Appointing Member before it can include in any of its Orders a contract reference for an Appointing Member’s facility agreement (for example, where the Agent Member is a group member placing Orders on behalf of other members of a group). For the purposes of this clause, an Appointing Member’s facility agreement is an agreement with a Transportation Service Provider for the use of Capacity that the Appointing Member is a party to, but not the Agent Member. (b) Each Appointing Member for an Agent Member will be issued with a Participant ID so that contract information for the Appointing Member’s facility agreement can be provided to the Operator by the Facility Operator in accordance with the CTA Procedures and the Appointing Member’s facility agreement can be linked to the Agent Member in the Trading System. The issue of a Participant ID to the Appointing Member does not give the Appointing Member access to the Trading System. (c) A Nominated DWGM Participant must be registered as a Market Participant (as defined in Part 19 of the National Gas Rules) in the declared wholesale gas market established under that Part. (d) A Trading Participant is not required to be appointed as Agent Member for a person before nominating that person as a Nominated DWGM Participant for a DWGM Transfer. However, it must first give the Operator evidence satisfactory to the Operator that the person has appointed the Trading Participant as its agent for this purpose. That information may be provided as part of an application under clause 4.2 or as otherwise agreed with the Operator.

Appears in 7 contracts

Samples: Gas Supply Hub Exchange Agreement, Gas Supply Hub Exchange Agreement, Gas Supply Hub Exchange Agreement

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