Trading and Settlement Code Operational Parameters for 2020 Consultation Paper

16 September 2019

 

 Trading and Settlement Code Operational Parameters for 2020 Consultation Paper

Under the terms of the SEM Trading and Settlement Code (TSC) Part B, the Regulatory Authorities (RAs) shall determine certain parameters proposed by the Market Operator (MO) in relation to the calculation and treatment of participants Required Credit Cover and matters related to Imbalance Settlement.

In May 2019, the RAs requested the MO to review the following parameters utilised in

  1.  The calculation of Required Credit Cover; and,
  2.  Imbalance Settlement.

On 31st August 2019, the RAs received reports from the MO outlining their recommendations for the proposed values for the above parameters. The purpose of this consultation paper is to invite comments on the MO proposals as summarised in this paper and detailed within the MO reports which accompany this paper (SEM-19-049a, and SEM-19-049b).

All comments should be received by close of business on 14th October 2019. A final decision on the parameters consulted upon this paper is due to be published in December 2019. 

The documents can be found here