Examples of Settlements and Prudential Methodology in a sentence
This Exchange Agreement (including its schedules and the Settlements and Prudential Methodology) and Part 22 of the National Gas Rules set out or provide for the terms of participation in the Exchange and transactions entered into through the Exchange.
The Settlements and Prudential Methodology may be contained in the same document as the Rules Methodology.
The Operator may amend the Settlements and Prudential Methodology after consulting with Market Participants using the process applicable to proposed amendments to this agreement under clauses 3.3 to 3.5. If the Settlements and Prudential Methodology is contained in the same document as the Rules Methodology, the Operator must also comply with any additional requirements in the National Gas Rules applicable to the amendment of the Rules Methodology.
The Operator may, in accordance with the Settlements and Prudential Methodology, recalculate the Prudential Exposure of a Trading Participant at the commencement of a Trading Halt.
The Settlements and Prudential Methodology forms part of this Exchange Agreement and has effect as if set out in full in the body of this agreement.
Prudential Exposure Debit Participant The total estimated Prudential Exposure across all relevant Gas Days of the Reallocation Request, as determined in accordance with the Settlements and Prudential Methodology, must not cause the Debit Participant’s Prudential Exposure (inclusive of Reallocation Requests) to exceed its Trading Limit.
The Settlements and Prudential Methodology may provide for the Operator to apply different margins to its calculation of Prudential Exposure, reflecting a higher risk where a Suspension Event has occurred or a Trading Halt has applied in respect of a Market Participant within the preceding 3 months.
The Settlements and Prudential Methodology must set out a detailed calculation methodology, which may take the form of equations, to be applied in determining, for each Market Participant: the Physical Gas Settlement Amounts, Reallocation Settlement Amounts, Offset Amounts and Exchange Fees referable to each Gas Day in a Billing Period; the Settlement Amount for a Billing Period.
Required content and principles for determining Settlement Amounts The Settlements and Prudential Methodology must set out a detailed calculation methodology, which may take the form of equations, to be applied in determining, for each Market Participant: the Physical Gas Amounts, Reallocation Amounts, Offset Amounts, Low Pressure Settlement Adjustment Amounts and Exchange Fees referable to each Gas Day in a Billing Period; the Settlement Amount for a Billing Period.