{"id":2745,"date":"2012-01-13T17:03:51","date_gmt":"2012-01-13T17:03:51","guid":{"rendered":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/?post_type=glossary&p=2745"},"modified":"2023-10-26T14:02:58","modified_gmt":"2023-10-26T13:02:58","slug":"credit-cover","status":"publish","type":"glossary","link":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/glossary\/credit-cover\/","title":{"rendered":"Credit Cover"},"content":{"rendered":"","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-2745","glossary","type-glossary","status-publish","hentry"],"acf":[],"semantic_search":{"post_id":2745,"title":"Credit Cover","link":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/glossary\/credit-cover\/","categories":[],"tags":[],"content":"\n\t
\n\t\tAcronym:<\/strong> CCp<\/span>\n\t<\/div>\n\n\n
\n\t

The purpose of Credit Cover is to ensure that, should a Trading Party default, sufficient collateral is available to pay any debts. If a Party does not have sufficient funds it will enter into Credit Default.<\/p>\n

BSC defined definition<\/h2>\n

means credit cover provided or to be provided by a Trading Party in accordance with Section M; Is provided by a Trading Party by lodging security (cash or letter of credit) with the FAA in order to cover its Energy Indebtedness.<\/p>\n

Further information<\/h2>\n