Trade Data Reporting Clause Samples

Trade Data Reporting a) The Market Operator undertakes to provide the Trader with the service of trade data reporting (hereinafter the “ Service”). This Service comprises reporting of trade data on behalf and on the account of the Trader to the Agency, detailing transactions executed on the short-term electricity market organized by the Market Operator, including matched and unmatched orders to trade, under the terms of this Agreement, Business Terms as amended and effective, REMIT and the REMIT Implementing Act (hereinafter “ trade data reporting”). The Trader hereby expressly agrees with reporting of trade data and data about the Trader to the Agency. b) This Service also includes a provision of records from the register of trade data on the on the electricity market organized by the Market Operator to the Trader, including matched and unmatched orders to trade under the terms of this Agreement, Business Terms, REMIT and the REMIT Implementing Act (hereinafter “registration and provision of trade data from CS OTE”). c) The Trader undertakes to pay the Market Operator for the Service the price determined in accordance with this Agreement and the Business Terms. If the price is not stipulated by ERO’s Price Decision, the Market Operator is entitled to adjust the price charged for the Service up to once a year. The Market Operator shall notify the Trader about the price adjustment three months in advance. If the Trade does not agree with the adjusted price, the Trader has the right to terminate the Service. If the Trader does not terminate the Service within one month from the date of notification of the price adjustment, the Trader is deemed to agree with the price adjustment. d) The scope of Service does not include reporting of any trade data related to transactions executed outside the market organized by the Market Operator. e) Either of the Contracting Parties is authorised to terminate the Service. The period of notice is one month and it commences on the first day of the month following the delivery of written notice to the other Contracting Party. This shall be without prejudice to the obligation of the Market Operator to offer the Trader the conclusion of a Trade Data Reporting Agreement pursuant Article 6 the REMIT Implementing Act. f) The Trader is obligated to verify the completeness, accuracy and timeliness of trade data on the regular and continuous basis, using a method enabling remote access under the conditions set out in the Business Terms. g) The Trader unde...