Glossary Term: Price Derivation Code
Acronym: PDC
The System Sell Price (SSP) and System Buy Price (SBP) information published for each Settlement Period includes a Price Derivation Code which denotes the way in which SSP and SBP were derived by the calculation.
The code is a character from ‘A to L’ and each code is explained below:
System Buy Price – Main Price |
|
Code |
Description |
| A | SSP = Reverse Price |
| B | SSP Capped to SBP |
| C | SSP Defaulted to SBP |
| D | SSP & SBP Defaulted to Market Price |
| E | SSP & SBP Defaulted to Zero |
| P | SSP = SBP |
System Sell Price – Main Price |
|
Code |
Description |
| F | SBP = Reverse Price |
| G | SBP Capped to SSP |
| H | SBP Defaulted to SSP |
| I | SSP & SBP Defaulted to Market Price |
| J | SSP & SBP Defaulted to Zero |
| N | SBP = SSP |
No Main Price |
|
Code |
Description |
| K | SSP & SBP Defaulted to Market Price |
| L | SSP & SBP Defaulted to Zero |
Note: D, E, I, and J are only applicable to pre P217 Settlement dates.
Note: P, N, K and L are only applicable to post P305 Settlement dates and other Codes are not applicable.