Template:GTMA Master Agreement 2004 5.2

5.2 Accurate ECV Notification and Nomination

5.2.1 Subject to clause 5.2.2, an “Accurate ECV Notification” means an ECV Notification which states for a Transaction:

(a) the Settlement Period Volume to be taken into account as an Energy Contract Volume;
(b) the names of the Parties, identifying the Party which is the Seller as the seller and the Party which is the Buyer as the Buyer (which may require specifying the Settlement Period Volume as either positive or negative as it relates to each Party);
(c) the Energy Account for each Party for the Transaction; and
(d) such other information as is required (including under the Balancing and Settlement Code) for the Settlement Period Volume stated in the ECV Notification to be taken into account by the Settlement Administration Agent in determining the respective Account Energy Imbalance Volumes of the relevant Energy Accounts of the Parties for that Settlement Period.

5.2.2 If one ECV Notification is used for 2 or more Transactions with common Energy Accounts, then an ECV Notification which states:

(a) the Net Settlement Period Volume instead of the Settlement Period Volume;
(b) the Net Seller instead of the Seller; and
(c) the Net Buyer instead of the Buyer,
but which otherwise complies with clause 5.2.1 shall be an Accurate ECV Notification.

5.2.3 An “Accurate ECV Nomination” means an ECV Nomination which accurately states the information required for an Accurate ECV Notification (having regard to the applicable procedures agreed in this respect by the Parties with the ECV Notification Agent).