{"id":12059,"date":"2012-02-20T22:38:13","date_gmt":"2012-02-20T22:38:13","guid":{"rendered":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/?post_type=glossary&#038;p=12059"},"modified":"2024-09-02T14:13:10","modified_gmt":"2024-09-02T13:13:10","slug":"settlement-account","status":"publish","type":"glossary","link":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/glossary\/settlement-account\/","title":{"rendered":"Settlement Account"},"content":{"rendered":"<h2 id=\"bsc-defined-definition\">BSC defined definition<\/h2>\n<p>means, in relation to a Trading Party or the Transmission Company, an account maintained at a Settlement Bank and designated in accordance with Section N;<\/p>\n<h2 id=\"bsc-documentation\">BSC documentation<\/h2>\n<ul>\n<li><a href=\"https:\/\/bscdocs.elexon.co.uk\/bsc\/bsc-section-n-clearing-invoicing-payment\">BSC Section N: Clearing, Invoicing &amp;amp; Payment<\/a><\/li>\n<\/ul>\n\n","protected":false},"template":"","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","inline_featured_image":false},"tags":[],"class_list":["post-12059","glossary","type-glossary","status-publish","hentry"],"acf":[],"semantic_search":{"post_id":12059,"title":"Settlement Account","link":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/glossary\/settlement-account\/","categories":[],"tags":[],"content":"\n\n\n<div class=\"panel-content\">\n\t<p>A settlement account is used to manage the financial transactions between market participants.<\/p>\n\n\t<h2 id=\"bsc-defined-definition\">BSC defined definition<\/h2>\n<p>means, in relation to a Trading Party or the Transmission Company, an account maintained at a Settlement Bank and designated in accordance with Section N;<\/p>\n<h2 id=\"bsc-documentation\">BSC documentation<\/h2>\n<ul>\n<li><a href=\"https:\/\/bscdocs.elexon.co.uk\/bsc\/bsc-section-n-clearing-invoicing-payment\">BSC Section N: Clearing, Invoicing &amp;amp; Payment<\/a><\/li>\n<\/ul>\n\n<\/div>","s3_url":""},"_links":{"self":[{"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/glossary\/12059","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/glossary"}],"about":[{"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/types\/glossary"}],"version-history":[{"count":1,"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/glossary\/12059\/revisions"}],"predecessor-version":[{"id":210652,"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/glossary\/12059\/revisions\/210652"}],"wp:attachment":[{"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/media?parent=12059"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/tags?post=12059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}