Template:GTMA Master Agreement 2004 6.2

6.2 Deemed Imbalance Charges
If, for a Settlement Period, one or more of the circumstances in clause 6.1 occurs, then the Complying Partyshall calculate the amounts set out below for the Transactions to which the circumstances apply and the resulting net amount shall be paid by the Party owing that amount to the other Party:

6.2.1 the relevant Party shall owe the other Party the net amount of the Contract Amounts calculated for all Transactions for that Settlement Period as if an Accurate ECV Notification had been made and the Traded Settlement Period Volume was equal to the Settlement Period Volume;

6.2.2 the Non-Complying Partyshall owe the Complying Party an amount equal to the Deemed Imbalance Charges (if any) deemed to be incurred by the Complying Party; and

6.2.3 the Complying Party shall owe the Non-Complying Party an amount equal to the Deemed Imbalance Charges (if any) deemed to be payable to the Complying Party.