Update and reminder to the Applicant Credit Cover ProcessPosted on:
We have updated the Working Practice – Applicant Credit Cover Process, with the following important information:
- Revised Bank Account Name
- BIC/SWIFT code
Also a reminder to those applicants that receive a notice on Pre-qualification Results Day, Friday 3 October 2014, from the Delivery Body confirming Pre-qualification of their Capacity Market Unit(s) is conditional on providing Credit Cover. Credit Cover must be lodged with the Settlement Body (the Electricity Settlements Company), to participant in the Capacity Market Auction. Applicants must lodge Credit Cover within 5 working days of Pre-qualification Results Day and credit cover must be received before 17.00 hours on Friday 10 October 2014.