{"id":151934,"date":"2020-07-02T16:21:44","date_gmt":"2020-07-02T15:21:44","guid":{"rendered":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/?page_id=151934"},"modified":"2020-07-09T16:05:19","modified_gmt":"2020-07-09T15:05:19","slug":"030-cva-risk-ecvaa-processing","status":"publish","type":"page","link":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/reference\/performance-assurance\/performance-assurance-processes\/performance-assurance-risk-evaluation-register\/030-cva-risk-ecvaa-processing\/","title":{"rendered":"030 CVA Risk: ECVAA Processing"},"content":{"rendered":"<h2 id=\"how-it-relates-to-you\">How it relates to you<\/h2>\n<h3>Parties responsible for risk factors<\/h3>\n<ul>\n<li>Non-Performance Assurance Parties<\/li>\n<\/ul>\n<h3>Parties responsible for risk controls<\/h3>\n<ul>\n<li>Non-Performance Assurance Parties<\/li>\n<\/ul>\n<h2 id=\"potential-causes\">Potential causes<\/h2>\n<p>Potential causes, or as they known in the Risk Evaluation Register: Risk Factors are the points of failure that could result in erroneous or estimated data entering Settlement.<\/p>\n<p>Elexon has identified a number of typical failure points related to this risk, parties should note the list is non-exhaustive, and not all risk factors are applicable to every role type.<\/p>\n<ul>\n<li>ECVAA sends incorrect Aggregate Energy Contract Volumes to the SAA<\/li>\n<li>ECVAA does not manually set the Credit Default Authorisation Flag correctly resulting in incorrect Volume Notification rejection and refusal<\/li>\n<li>ECVAA does not manually remove any ECVN\/MVRN for a Defaulting Party following BSCCo instruction<\/li>\n<li>ECVAA manually enters re-submission values incorrectly<\/li>\n<\/ul>\n<h2 id=\"potential-solutions\">Potential solutions<\/h2>\n<p>Parties responsible for operating controls should take note of the information below. This identifies the BSC Sections and Procedures relating the risk.<\/p>\n<p>Review the processes outlined in the following documents and ensure that internal processes match the requirements:<\/p>\n<ul>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/documents\/bsc-codes\/bsc-sections\/bsc-section-p-energy-contract-volumes-and-metered-volume-reallocations\/\">BSC Section P: Energy Contract Volumes and Metered Volume Reallocations<\/a><\/li>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/documents\/performance-assurance\/processes\/risk-methodology-030-cva-energy-contract-volume-aggregation-agent-processes\/\">RESI R030 ECVAA Processing<\/a><\/li>\n<\/ul>\n<h2 id=\"impact-of-this-risk-on-the-industry\">Impact of this risk on the industry<\/h2>\n<ul>\n<li>Impact: &#xA3;2.1 Million<\/li>\n<li>Upper Impact: &#xA3;4.21 Million<\/li>\n<li>Volatility: High<\/li>\n<\/ul>\n<p>In order to calculate the impact this risk has on your Party, multiply your market share by the impact as outlined above.<\/p>\n<h2 id=\"further-information\">Further information<\/h2>\n<p><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/reference\/performance-assurance\/performance-assurance-processes\/performance-assurance-risk-evaluation-register\/\">Risk Evaluation Register<\/a> sets out further detailed information on the noted controls. Details can be found under Associated Documents.&#xA0;<\/p>\n<h2 id=\"support-and-training\">Support and training<\/h2>\n<p><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/about\/elexon-key-contacts\/operational-support-managers-osms\/\">Operational Support Managers<\/a>&#xA0;(OSMs) are able to help with further information or training on this risk and associated processes.<\/p>\n<h2 id=\"methodology-used-for-this-risk\">Methodology used for this risk<\/h2>\n<p>The following documents outline the methodology used to assess the Settlement Risk related to Agent appointments.<\/p>\n<ul>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/documents\/performance-assurance\/processes\/risk-methodology-030-cva-energy-contract-volume-aggregation-agent-processes\/\" data-wpel-link=\"internal\">Risk Methodology Risk 30:&#xA0; ECVAA Processing<\/a><\/li>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/reference\/performance-assurance\/performance-assurance-techniques\/\" data-wpel-link=\"internal\">More on Techniques, Timetable and Methodology<\/a><\/li>\n<\/ul>\n\n","protected":false},"excerpt":{"rendered":"<p>How it relates to you Parties responsible for risk factors Non-Performance Assurance Parties Parties responsible for risk controls Non-Performance Assurance Parties Potential causes Potential causes, or as they known in [&hellip;]<\/p>\n","protected":false},"author":365,"featured_media":0,"parent":113909,"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":[],"class_list":["post-151934","page","type-page","status-publish","hentry"],"acf":[],"semantic_search":{"post_id":151934,"title":"030 CVA Risk: ECVAA Processing","link":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/reference\/performance-assurance\/performance-assurance-processes\/performance-assurance-risk-evaluation-register\/030-cva-risk-ecvaa-processing\/","categories":[],"tags":[],"content":"    <div class=\"panel-content\">\n        <p>This page outlines the Risk that the ECVAA does not carry out processes correctly, such that output files are inaccurate.<\/p>\n\n    <\/div>\n\n    <div class=\"panel-content\">\n        <h2 id=\"how-it-relates-to-you\">How it relates to you<\/h2>\n<h3>Parties responsible for risk factors<\/h3>\n<ul>\n<li>Non-Performance Assurance Parties<\/li>\n<\/ul>\n<h3>Parties responsible for risk controls<\/h3>\n<ul>\n<li>Non-Performance Assurance Parties<\/li>\n<\/ul>\n<h2 id=\"potential-causes\">Potential causes<\/h2>\n<p>Potential causes, or as they known in the Risk Evaluation Register: Risk Factors are the points of failure that could result in erroneous or estimated data entering Settlement.<\/p>\n<p>Elexon has identified a number of typical failure points related to this risk, parties should note the list is non-exhaustive, and not all risk factors are applicable to every role type.<\/p>\n<ul>\n<li>ECVAA sends incorrect Aggregate Energy Contract Volumes to the SAA<\/li>\n<li>ECVAA does not manually set the Credit Default Authorisation Flag correctly resulting in incorrect Volume Notification rejection and refusal<\/li>\n<li>ECVAA does not manually remove any ECVN\/MVRN for a Defaulting Party following BSCCo instruction<\/li>\n<li>ECVAA manually enters re-submission values incorrectly<\/li>\n<\/ul>\n<h2 id=\"potential-solutions\">Potential solutions<\/h2>\n<p>Parties responsible for operating controls should take note of the information below. This identifies the BSC Sections and Procedures relating the risk.<\/p>\n<p>Review the processes outlined in the following documents and ensure that internal processes match the requirements:<\/p>\n<ul>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/documents\/bsc-codes\/bsc-sections\/bsc-section-p-energy-contract-volumes-and-metered-volume-reallocations\/\">BSC Section P: Energy Contract Volumes and Metered Volume Reallocations<\/a><\/li>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/documents\/performance-assurance\/processes\/risk-methodology-030-cva-energy-contract-volume-aggregation-agent-processes\/\">RESI R030 ECVAA Processing<\/a><\/li>\n<\/ul>\n<h2 id=\"impact-of-this-risk-on-the-industry\">Impact of this risk on the industry<\/h2>\n<ul>\n<li>Impact: &#xA3;2.1 Million<\/li>\n<li>Upper Impact: &#xA3;4.21 Million<\/li>\n<li>Volatility: High<\/li>\n<\/ul>\n<p>In order to calculate the impact this risk has on your Party, multiply your market share by the impact as outlined above.<\/p>\n<h2 id=\"further-information\">Further information<\/h2>\n<p><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/reference\/performance-assurance\/performance-assurance-processes\/performance-assurance-risk-evaluation-register\/\">Risk Evaluation Register<\/a> sets out further detailed information on the noted controls. Details can be found under Associated Documents.&#xA0;<\/p>\n<h2 id=\"support-and-training\">Support and training<\/h2>\n<p><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/about\/elexon-key-contacts\/operational-support-managers-osms\/\">Operational Support Managers<\/a>&#xA0;(OSMs) are able to help with further information or training on this risk and associated processes.<\/p>\n<h2 id=\"methodology-used-for-this-risk\">Methodology used for this risk<\/h2>\n<p>The following documents outline the methodology used to assess the Settlement Risk related to Agent appointments.<\/p>\n<ul>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/documents\/performance-assurance\/processes\/risk-methodology-030-cva-energy-contract-volume-aggregation-agent-processes\/\" data-wpel-link=\"internal\">Risk Methodology Risk 30:&#xA0; ECVAA Processing<\/a><\/li>\n<li><a href=\"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/reference\/performance-assurance\/performance-assurance-techniques\/\" data-wpel-link=\"internal\">More on Techniques, Timetable and Methodology<\/a><\/li>\n<\/ul>\n\n    <\/div>\n\n","s3_url":""},"_links":{"self":[{"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/pages\/151934","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\/365"}],"replies":[{"embeddable":true,"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/comments?post=151934"}],"version-history":[{"count":0,"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/pages\/151934\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/pages\/113909"}],"wp:attachment":[{"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/media?parent=151934"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/tags?post=151934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}