Glossary Term: Collection Account
The collection account is used to collect funds from market participants to cover various charges, such as trading charges, imbalance charges, and other related costs.
BSC defined definition
Means a collection account established with a Collection Bank, in the name of the BSC Clearer pursuant to Section N4.1.1(b);
BSC documentation
- BSC Section D: BSC Cost Recovery and Participation Charges
- BSC Section N: Clearing, Invoicing & Payment