{"id":2747,"date":"2012-01-13T17:04:20","date_gmt":"2012-01-13T17:04:20","guid":{"rendered":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/?post_type=glossary&#038;p=2747"},"modified":"2024-07-30T16:13:11","modified_gmt":"2024-07-30T15:13:11","slug":"credit-cover-error","status":"publish","type":"glossary","link":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/glossary\/credit-cover-error\/","title":{"rendered":"Credit Cover Error"},"content":{"rendered":"<h2 id=\"bsc-defined-definition\">BSC defined definition<\/h2>\n<p>If an Imbalance Party&#x2019;s Credit Cover Percentage is incorrectly determined and as a result a level 1 default notice was given to the Imbalance Party and\/or the Imbalance Party was in Credit Default, the Imbalance Party shall be entitled to be paid compensation (&#x201C;Credit Cover Error Compensation&#x201D;) subject to and in accordance with the further provisions of this paragraph 4.<\/p>\n<h2 id=\"bsc-documentation\">BSC documentation<\/h2>\n<ul>\n<li><a href=\"https:\/\/bscdocs.elexon.co.uk\/bsc\/bsc-section-m-credit-cover-and-credit-default\">BSC Section M: Credit Cover and Credit Default<\/a><\/li>\n<\/ul>\n<h2 id=\"further-information\">Further information<\/h2>\n<ul>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/settlement\/credit\/\">Credit Cover Explained<\/a><\/li>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/settlement\/credit\/calculating-credit-cover\/\">Calculating credit cover<\/a><\/li>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/settlement\/credit\/lodging-credit-cover\/\">Lodging Credit Cover<\/a><\/li>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/settlement\/credit\/credit-default\/\">Credit Default<\/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-2747","glossary","type-glossary","status-publish","hentry"],"acf":[],"semantic_search":{"post_id":2747,"title":"Credit Cover Error","link":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/glossary\/credit-cover-error\/","categories":[],"tags":[],"content":"\n\n\n<div class=\"panel-content\">\n\t<p>The Credit Cover Percentage determined (in the application of paragraph 3) for a Trading Party in respect of any Settlement Period was incorrect, and as a result (in relation to that or any earlier Settlement Period) a level 1 default notice was given to them.<\/p>\n\n\t<h2 id=\"bsc-defined-definition\">BSC defined definition<\/h2>\n<p>If an Imbalance Party&#x2019;s Credit Cover Percentage is incorrectly determined and as a result a level 1 default notice was given to the Imbalance Party and\/or the Imbalance Party was in Credit Default, the Imbalance Party shall be entitled to be paid compensation (&#x201C;Credit Cover Error Compensation&#x201D;) subject to and in accordance with the further provisions of this paragraph 4.<\/p>\n<h2 id=\"bsc-documentation\">BSC documentation<\/h2>\n<ul>\n<li><a href=\"https:\/\/bscdocs.elexon.co.uk\/bsc\/bsc-section-m-credit-cover-and-credit-default\">BSC Section M: Credit Cover and Credit Default<\/a><\/li>\n<\/ul>\n<h2 id=\"further-information\">Further information<\/h2>\n<ul>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/settlement\/credit\/\">Credit Cover Explained<\/a><\/li>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/settlement\/credit\/calculating-credit-cover\/\">Calculating credit cover<\/a><\/li>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/settlement\/credit\/lodging-credit-cover\/\">Lodging Credit Cover<\/a><\/li>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/settlement\/credit\/credit-default\/\">Credit Default<\/a><\/li>\n<\/ul>\n\n<\/div>","s3_url":""},"_links":{"self":[{"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/glossary\/2747","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\/2747\/revisions"}],"predecessor-version":[{"id":209889,"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/glossary\/2747\/revisions\/209889"}],"wp:attachment":[{"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/media?parent=2747"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/tags?post=2747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}