Examples of BSC Parties in a sentence
The scope of Part 1 is limited to the definition and design of interfaces between the BSC Service System and the BSC Parties and their Agents.
A common format is used for data files transferred between the Central Services and the BSC Parties and their Agents.
For the avoidance of doubt, BSC Parties are expected to contact the TC as soon as they become aware of any potential issues.
Furthermore, the material doubt guidelines should recommend that BSCCo provide the relevant Party with an indication of the materiality of the discrepancy as soon as the evidence has been assessed, providing a degree of certainty.BSCCo must verify the material doubt on receipt the Credit Default notice, to ensure that all circumstances merit the application of material doubt, in order to protect BSC Parties from the risk associated with a defaulting Party.
These range from the BSC Parties, to BSCCo Ltd and its various Agents, including the operators of the CRA itself and the other BSC Services.
The scope of Part 2 is limited to the definition and design of all interfaces with the BSC Service System which do not involve BSC Parties and their Agents.
As this Modification is a change to the Energy Imbalance Calculation, this is a significant change to one of the main tenets of the BSC Arrangements that will impact Settlement for all BSC Parties.
All corrections to the Bid-Offer Acceptance related data must have the consent of the associated BSC Parties (aside from SO-Flag changes) and corrections must be applied before the Initial Settlement Run (SF).
The Initial Written Assessment (Reference 2), was submitted to the Panel at their meeting on 14 November 2002, where it was agreed to submit P110 to the Assessment Procedure to be carried out by the Settlement Standing Modification Group.The SSMG met twice during the Assessment Procedure of P110 and issued a high level impact assessment and a consultation to BSC Parties and BSC Agents, and a further detailed level impact assessment to BSC Agents.
This report however includes exceptions for all metering systems, for all lead BSC Parties.