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Template:GTMA Master Agreement 2004 6.2: Difference between revisions
Template:GTMA Master Agreement 2004 6.2 (view source)
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Amwelladmin (talk | contribs) (Created page with "{{gtmaprov|6.2}} {{gtmaprov|Deemed Imbalance Charges}}<br> If, for a {{gtmaprov|Settlement Period}}, one or more of the circumstances in clause {{gtmaprov|6.1}} occurs, then ...") |
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{{gtmaprov|6.2}} {{gtmaprov|Deemed Imbalance Charges}}<br> | {{gtmaprov|6.2}} '''{{gtmaprov|Deemed Imbalance Charges}}'''<br> | ||
If, for a {{gtmaprov|Settlement Period}}, one or more of the circumstances in clause {{gtmaprov|6.1}} occurs, then the {{gtmaprov|Complying Party}}shall calculate the amounts set out below for the {{gtmaprov|Transaction}}s to which the circumstances apply and the resulting net amount shall be paid by the {{gtmaprov|Party}} owing that amount to the other {{gtmaprov|Party}}:<br> | If, for a {{gtmaprov|Settlement Period}}, one or more of the circumstances in clause {{gtmaprov|6.1}} occurs, then the {{gtmaprov|Complying Party}}shall calculate the amounts set out below for the {{gtmaprov|Transaction}}s to which the circumstances apply and the resulting net amount shall be paid by the {{gtmaprov|Party}} owing that amount to the other {{gtmaprov|Party}}:<br> | ||
:{{gtmaprov|6.2.1}} the relevant {{gtmaprov|Party}} shall owe the other {{gtmaprov|Party}} the net amount of the {{gtmaprov|Contract Amount}}s calculated for all {{gtmaprov|Transaction}}s for that {{gtmaprov|Settlement Period}} as if an {{gtmaprov|Accurate ECV Notification}} had been made and the {{gtmaprov|Traded Settlement Period Volume}} was equal to the {{gtmaprov|Settlement Period Volume}};<br> | :{{gtmaprov|6.2.1}} the relevant {{gtmaprov|Party}} shall owe the other {{gtmaprov|Party}} the net amount of the {{gtmaprov|Contract Amount}}s calculated for all {{gtmaprov|Transaction}}s for that {{gtmaprov|Settlement Period}} as if an {{gtmaprov|Accurate ECV Notification}} had been made and the {{gtmaprov|Traded Settlement Period Volume}} was equal to the {{gtmaprov|Settlement Period Volume}};<br> | ||
:{{gtmaprov|6.2.2}} the {{gtmaprov|Non-Complying Party}}shall owe the {{gtmaprov|Complying Party}} an amount equal to the {{gtmaprov|Deemed Imbalance Charges}} (if any) deemed to be incurred by the {{gtmaprov|Complying Party}}; and<br> | :{{gtmaprov|6.2.2}} the {{gtmaprov|Non-Complying Party}}shall owe the {{gtmaprov|Complying Party}} an amount equal to the {{gtmaprov|Deemed Imbalance Charges}} (if any) deemed to be incurred by the {{gtmaprov|Complying Party}}; and<br> | ||
:{{gtmaprov|6.2.3}} the {{gtmaprov|Complying Party}} shall owe the {{gtmaprov|Non-Complying Party}} an amount equal to the {{gtmaprov|Deemed Imbalance Charges}} (if any) deemed to be payable to the {{gtmaprov|Complying Party}}.<br> | :{{gtmaprov|6.2.3}} the {{gtmaprov|Complying Party}} shall owe the {{gtmaprov|Non-Complying Party}} an amount equal to the {{gtmaprov|Deemed Imbalance Charges}} (if any) deemed to be payable to the {{gtmaprov|Complying Party}}.<br> | ||