{"id":106774,"date":"2018-10-25T09:30:59","date_gmt":"2018-10-25T08:30:59","guid":{"rendered":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/?page_id=106774"},"modified":"2023-07-13T10:32:38","modified_gmt":"2023-07-13T09:32:38","slug":"training-credit-credit-default","status":"publish","type":"page","link":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/settlement\/credit\/training-credit-credit-default\/","title":{"rendered":"Training Video on Credit and Credit Default"},"content":{"rendered":"<h2 id=\"what-is-covered-in-this-training-video\">What is covered in these training videos<\/h2>\n<ul class=\"custom-list\">\n<li>Why BSC Parties need Credit Cover<\/li>\n<li>The calculation of Credit Cover<\/li>\n<li>Credit Default<\/li>\n<li>Consequences of Credit Default<\/li>\n<li>Payment Default<\/li>\n<li>Preparing to trade &#x2013; Credit Cover preparation for new BSC Parties<\/li>\n<\/ul>\n\n","protected":false},"excerpt":{"rendered":"<p>What is covered in these training videos Why BSC Parties need Credit Cover The calculation of Credit Cover Credit Default Consequences of Credit Default Payment Default Preparing to trade &#x2013; [&hellip;]<\/p>\n","protected":false},"author":351,"featured_media":0,"parent":29251,"menu_order":0,"comment_status":"closed","ping_status":"closed","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,"footnotes":""},"tags":[15665,15666],"class_list":["post-106774","page","type-page","status-publish","hentry","tag-training-video","tag-video"],"acf":[],"semantic_search":{"post_id":106774,"title":"Training Video on Credit and Credit Default","link":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/settlement\/credit\/training-credit-credit-default\/","categories":[],"tags":["Training video","Video"],"content":"    <div class=\"panel-content\">\n        <p>This page contains training videos and training materials on Credit and Credit Default. This training will be of interest to customers who want to understand the Credit Cover arrangements and in particular new BSC Parties before they register their first Balancing Mechanism (BM) Unit.<\/p>\n\n    <\/div>\n\n    <div class=\"panel-content\">\n        <h2 id=\"what-is-covered-in-this-training-video\">What is covered in these training videos<\/h2>\n<ul class=\"custom-list\">\n<li>Why BSC Parties need Credit Cover<\/li>\n<li>The calculation of Credit Cover<\/li>\n<li>Credit Default<\/li>\n<li>Consequences of Credit Default<\/li>\n<li>Payment Default<\/li>\n<li>Preparing to trade &#x2013; Credit Cover preparation for new BSC Parties<\/li>\n<\/ul>\n\n    <\/div>\n\n<div class=\"pagebuilder-blocks\"><div class=\"panel-content\">\n    <div class=\"accordion\">\n        <div class=\"accordion-group\">\n            <h2 class=\"accordion-title h2\" tabindex=\"0\" id=\"video-1-introduction-to-credit-cover\" aria-expanded=\"false\">Video 1: Introduction to Credit Cover<\/h2>            <div class=\"accordion-panel\" aria-hidden=\"true\">\n                <div class=\"panel-inner\">\n                    <div class=\"panel-section\">\n\t\t\t<div class=\"media-store-shortcode\" data-post-id=\"185580\">\n\t\t\t\t<iframe title=\"Credit Cover and Credit Default - module 1\" src=\"https:\/\/player.vimeo.com\/video\/280334031?dnt=1&amp;app_id=122963\" width=\"640\" height=\"360\" frameborder=\"0\" allow=\"autoplay; fullscreen; picture-in-picture; clipboard-write; encrypted-media; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\"><\/iframe><div>Video Published: June 2016<\/div><div>Video Length: 4 mins. 55 sec<\/div>\t\t\t<\/div>\n\t\t<\/div>\n\t\t<!-- ENDNOINDEX -->\n\t\n<p>[Video Reviewed: 2021]<\/p>\n<ul>\n<li>For the Credit Cover and Credit Default module 1 training video transcript please contact <a style=\"background-color: #ffffff;\" href=\"mailto:communications@elexon.co.uk\">communications@elexon.co.uk<\/a><\/li>\n<\/ul>\n<h3>Training video slides<\/h3>\n<ul>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/documents\/training-guidance\/events-seminars\/credit-events-seminars\/introduction-to-credit-cover-22sept2015\/\" target=\"_blank\" rel=\"noopener\">Introduction to BSC Credit Cover training video PowerPoint slides<\/a><\/li>\n<\/ul>\n\n                <\/div>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/div><div class=\"panel-content\">\n    <div class=\"accordion\">\n        <div class=\"accordion-group\">\n            <h2 class=\"accordion-title h2\" tabindex=\"0\" id=\"video-2-calculation-for-non-credit-qualifying-bm-units\" aria-expanded=\"false\">Video 2: Calculation for Non-Credit Qualifying BM Units<\/h2>            <div class=\"accordion-panel\" aria-hidden=\"true\">\n                <div class=\"panel-inner\">\n                    <div class=\"panel-section\">\n\t\t\t<div class=\"media-store-shortcode\" data-post-id=\"185582\">\n\t\t\t\t<iframe title=\"Credit Cover and Credit Default - module 2.mp4\" src=\"https:\/\/player.vimeo.com\/video\/280328827?dnt=1&amp;app_id=122963\" width=\"640\" height=\"360\" frameborder=\"0\" allow=\"autoplay; fullscreen; picture-in-picture; clipboard-write; encrypted-media; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\"><\/iframe><div>Video Published: June 2016<\/div><div>Video Length: 4 mins, 8 sec<\/div>\t\t\t<\/div>\n\t\t<\/div>\n\t\t<!-- ENDNOINDEX -->\n\t\n<p>[Video Reviewed: 2021]<\/p>\n<ul>\n<li>For the Credit Cover and Credit Default module 2 training&#xA0; &#x2013; Calculation for Non-Credit Qualifying BM Units video transcript please contact <a href=\"mailto:communications@elexon.co.uk\">communications@elexon.co.uk<\/a><\/li>\n<\/ul>\n<h3>Training video slides<\/h3>\n<ul>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/documents\/training-guidance\/events-seminars\/credit-events-seminars\/calculation-for-non-credit-qualifying-bm-units-28sept2015\/\" target=\"_blank\" rel=\"noopener\">Calculation for Non-Credit Qualifying BM Units training video PowerPoint slides<\/a><\/li>\n<\/ul>\n\n                <\/div>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/div><div class=\"panel-content\">\n    <div class=\"accordion\">\n        <div class=\"accordion-group\">\n            <h2 class=\"accordion-title h2\" tabindex=\"0\" id=\"video-3-calculation-for-credit-qualifying-bm-units\" aria-expanded=\"false\">Video 3: Calculation for Credit Qualifying BM Units<\/h2>            <div class=\"accordion-panel\" aria-hidden=\"true\">\n                <div class=\"panel-inner\">\n                    <div class=\"panel-section\">\n\t\t\t<div class=\"media-store-shortcode\" data-post-id=\"185583\">\n\t\t\t\t<iframe title=\"Credit Cover and Credit Default - module 3.mp4\" src=\"https:\/\/player.vimeo.com\/video\/280328852?dnt=1&amp;app_id=122963\" width=\"640\" height=\"360\" frameborder=\"0\" allow=\"autoplay; fullscreen; picture-in-picture; clipboard-write; encrypted-media; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\"><\/iframe><div>Video Published: June 2016<\/div><div>Video Length: 2 mins, 38 sec<\/div>\t\t\t<\/div>\n\t\t<\/div>\n\t\t<!-- ENDNOINDEX -->\n\t\n<p>[Video Reviewed: 2021]<\/p>\n<ul>\n<li>For the Credit Cover and Credit Default module 3 training&#xA0; &#x2013; Calculation for Credit Qualifying BM Units video transcript please contact <a style=\"background-color: #ffffff;\" href=\"mailto:communications@elexon.co.uk\">communications@elexon.co.uk<\/a><\/li>\n<\/ul>\n<h3>Training video slides<\/h3>\n<ul>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/documents\/training-guidance\/events-seminars\/credit-events-seminars\/calculation-for-credit-qualifying-bm-units-16feb2016-2\/\" target=\"_blank\" rel=\"noopener\">Calculation for Credit Qualifying BM Units training video PowerPoint slides<\/a><\/li>\n<\/ul>\n\n                <\/div>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/div><div class=\"panel-content\">\n    <div class=\"accordion\">\n        <div class=\"accordion-group\">\n            <h2 class=\"accordion-title h2\" tabindex=\"0\" id=\"video-4-calculation-for-interconnector-bm-units\" aria-expanded=\"false\">Video 4: Calculation for Interconnector BM Units<\/h2>            <div class=\"accordion-panel\" aria-hidden=\"true\">\n                <div class=\"panel-inner\">\n                    <div class=\"panel-section\">\n\t\t\t<div class=\"media-store-shortcode\" data-post-id=\"185585\">\n\t\t\t\t<iframe title=\"Credit Cover and Credit Default - module 4.mp4\" src=\"https:\/\/player.vimeo.com\/video\/280328944?dnt=1&amp;app_id=122963\" width=\"640\" height=\"360\" frameborder=\"0\" allow=\"autoplay; fullscreen; picture-in-picture; clipboard-write; encrypted-media; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\"><\/iframe><div>Video Published: June 2016<\/div><div>Video Length: 2 mins, 6 sec<\/div>\t\t\t<\/div>\n\t\t<\/div>\n\t\t<!-- ENDNOINDEX -->\n\t\n<p>[Video Reviewed: 2021]<\/p>\n<ul>\n<li>For the Credit Cover and Credit Default module 4 training&#xA0; &#x2013; Calculation for Interconnector BM Units video transcript please contact <a href=\"mailto:communications@elexon.co.uk\">communications@elexon.co.uk<\/a><\/li>\n<\/ul>\n<h3>Training video slides<\/h3>\n<ul>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/documents\/training-guidance\/events-seminars\/credit-events-seminars\/calculation-for-interconnector-bm-units-16feb2016\/\" target=\"_blank\" rel=\"noopener\">Calculation for Interconnector BM Units training video PowerPoint slides<\/a><\/li>\n<\/ul>\n\n                <\/div>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/div><div class=\"panel-content\">\n    <div class=\"accordion\">\n        <div class=\"accordion-group\">\n            <h2 class=\"accordion-title h2\" tabindex=\"0\" id=\"video-5-credit-default-process\" aria-expanded=\"false\">Video 5: Credit Default process<\/h2>            <div class=\"accordion-panel\" aria-hidden=\"true\">\n                <div class=\"panel-inner\">\n                    <div class=\"panel-section\">\n\t\t\t<div class=\"media-store-shortcode\" data-post-id=\"185586\">\n\t\t\t\t<iframe title=\"Credit Cover and Credit Default - module 5.mp4\" src=\"https:\/\/player.vimeo.com\/video\/280328922?dnt=1&amp;app_id=122963\" width=\"640\" height=\"360\" frameborder=\"0\" allow=\"autoplay; fullscreen; picture-in-picture; clipboard-write; encrypted-media; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\"><\/iframe><div>Video Published: June 2016<\/div><div>Video Length: 7 mins, 8 sec<\/div>\t\t\t<\/div>\n\t\t<\/div>\n\t\t<!-- ENDNOINDEX -->\n\t\n<p>[Video Reviewed: 2021]<\/p>\n<ul>\n<li>For the Credit Cover and Credit Default module 5 training&#xA0; &#x2013; the Credit Default process video transcript please contact <a href=\"mailto:communications@elexon.co.uk\">communications@elexon.co.uk<\/a><\/li>\n<\/ul>\n<h3>Training video slides<\/h3>\n<ul>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/documents\/training-guidance\/events-seminars\/credit-events-seminars\/different-levels-of-credit-default-28sept2015\/\" target=\"_blank\" rel=\"noopener\">Credit Default process training video PowerPoint slides<\/a><\/li>\n<\/ul>\n\n                <\/div>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/div><div class=\"panel-content\">\n    <div class=\"accordion\">\n        <div class=\"accordion-group\">\n            <h2 class=\"accordion-title h2\" tabindex=\"0\" id=\"video-6-credit-information-in-the-elexon-portal\" aria-expanded=\"false\">Video 6: Credit information in the Elexon Portal<\/h2>            <div class=\"accordion-panel\" aria-hidden=\"true\">\n                <div class=\"panel-inner\">\n                    <div class=\"panel-section\">\n\t\t\t<div class=\"media-store-shortcode\" data-post-id=\"185587\">\n\t\t\t\t<iframe title=\"Credit Cover and Credit Default - module 6\" src=\"https:\/\/player.vimeo.com\/video\/280328910?dnt=1&amp;app_id=122963\" width=\"640\" height=\"360\" frameborder=\"0\" allow=\"autoplay; fullscreen; picture-in-picture; clipboard-write; encrypted-media; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\"><\/iframe><div>Video Published: June 2016<\/div><div>Video Length: 3 mins, 36 sec<\/div>\t\t\t<\/div>\n\t\t<\/div>\n\t\t<!-- ENDNOINDEX -->\n\t\n<p>[Video Reviewed: 2021]<\/p>\n<ul>\n<li>For the Credit Cover and Credit Default module 6 training&#xA0; &#x2013; Credit Information in the Elexon Portal video transcript please contact <a href=\"mailto:communications@elexon.co.uk\">communications@elexon.co.uk<\/a><\/li>\n<\/ul>\n<h3>Training video slides<\/h3>\n<ul>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/documents\/training-guidance\/events-seminars\/credit-events-seminars\/elexon-portal-walkthrough-28sept2015-2\/\" target=\"_blank\" rel=\"noopener\">Credit Cover: Elexon Portal walkthrough training video PowerPoint slides<\/a><\/li>\n<\/ul>\n\n                <\/div>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/div><div class=\"panel-content\">\n    <h2 id=\"recommended-reading\">Recommended reading<\/h2>\n<h3>Operational guidance<\/h3>\n<ul>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/operations-settlement\/balancing-and-settlement\/credit\/\">Credit Cover explained<\/a><\/li>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/operations-settlement\/balancing-and-settlement\/credit\/calculating-credit-cover\/\">Calculating credit cover<\/a><\/li>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/operations-settlement\/balancing-and-settlement\/credit\/lodging-credit-cover\/\">Lodging Credit Cover<\/a><\/li>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/operations-settlement\/balancing-and-settlement\/credit\/credit-default\/\">Credit Default<\/a><\/li>\n<\/ul>\n<h3>Guidance Notes<\/h3>\n<ul>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/guidance-note\/credit-cover\/\">Guidance Note about Credit Cover<\/a><\/li>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/guidance-note\/credit-default\/\">Guidance Note on Credit Default<\/a><\/li>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/guidance-note\/credit-assessment-price-review-process-cap\/\">Guidance Note on the Credit Assessment Price Review process<\/a><\/li>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/guidance-note\/defaulting-party-failing-supplier-process\/\">Guidance Note on Defaulting Party Failing Supplier Process<\/a><\/li>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/guidance-note\/material-doubt-section-m\/\">Guidance Note on Material Doubt<\/a><\/li>\n<\/ul>\n\n<\/div><\/div>","s3_url":""},"_links":{"self":[{"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/pages\/106774","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/users\/351"}],"replies":[{"embeddable":true,"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/comments?post=106774"}],"version-history":[{"count":6,"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/pages\/106774\/revisions"}],"predecessor-version":[{"id":199512,"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/pages\/106774\/revisions\/199512"}],"up":[{"embeddable":true,"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/pages\/29251"}],"wp:attachment":[{"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/media?parent=106774"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/tags?post=106774"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}