Settlement Run definition

Settlement Run. : means a determination (in accordance with Section T), in relation to a Settlement Day, of amounts giving rise, on the part of Trading Parties and the NETSO, to a liability to pay to or a right to be paid by the BSC Clearer amounts in respect of Trading Charges in each Settlement Period in that Settlement Day, and of the net credit or debit in respect of such amounts; and where the context requires a reference to a Settlement Run includes the data and information produced by the SAA following such a determination and delivered to the FAA in accordance with Section N;

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Settlement Run means, in respect of transactions occurring on the relevant Settlement Day for which payments are to be settled pursuant to this Schedule, the data which the Settlement System Administrator is required to deliver from time to time to the Pool Funds Administrator pursuant to Section 17 in respect of such transactions; and

Settlement Run. : means a determination (in accordance with Section T), in relation to a Settlement Day, of amounts giving rise, on the part of Trading Parties and the Transmission Company, to a liability to pay to or a right to be paid by the BSC Clearer amounts in respect of Trading Charges in each Settlement Period in that Settlement Day, and of the net credit or debit in respect of such amounts; and where the context requires a reference to a Settlement Run includes the data and information produced by the SAA following such a determination and delivered to the FAA in accordance with Section N; "Settlement": means the determination and settlement of amounts payable in respect of Trading Charges (including Reconciliation Charges) in accordance with the Code (including where the context admits Volume Allocation); "Shared SVA Meter Arrangement": means an arrangement in accordance with Section K2.5.1 under which there is a single SVA Metering System, comprising Half Hourly Metering Equipment, for Exports or (as the case may be) Imports for which two or more Suppliers are responsible; "Shared SVA Metering System": means a SVA Metering System which is for the time being the subject of a Shared SVA Meter Arrangement; "Short Term Operating Reserve" or "STOR": means the balancing service procured by the Transmission Company as defined in the Procurement Guidelines; "Shortfall Amount": has the meaning given to that term in Section N9.2.3; "Shortfall Creditor": has the meaning given to that term in Section N9.2.2; "Significant Change of Demand" means the point at which, in respect of any Metering System, there is a change of Customer or change in activity at the Metering System such that the Registrant is of the reasonable opinion that such change shall result in the average of the maximum monthly electrical demand in the three months of highest maximum demand in the next twelve months not exceeding 100 kW; "Significant Code Review Conclusions": means the document published by the Authority containing its conclusions in respect of a Significant Code Review; "Significant Code Review Phase": has the meaning given to that term in the Transmission Licence;

Examples of Settlement Run in a sentence

Any unresolved amount shall be included in the final Settlement Run on an interim basis pending resolution.
Thereafter it may be included (together with any errors or omissions subsequently arising) in any appropriate Settlement Run.
The Ancillary Services Provider shall notify a final sum to the Settlement System Administrator by such time as will enable the Settlement System Administrator to take into account the final Settlement Run for each Settlement Day.
In reaching such agreement or making such determination, the parties and/or the Commission shall have particular regard to the Settlement Report of any ad hoc Settlement Run performed by the CMA.
For an Initial Settlement Run r = 0, and for a Final Settlement Run, r = 4 In = The Barclays Bank plc daily declared base interest rate for the Working Day prior to day n Vr = amount due from run calculation r, excluding interest due n = day number count For the purpose of calculating daily interest rates, the number of days in a leap year shall be deemed to be 365.
Prior Understanding This Term Sheet and related transaction documents supersede all prior understandings and agreements, whether written or oral, and constitute the entire agreement between the Parties hereto relating to the transactions provided for herein.
The Ancillary Services Provider shall notify a provisional sum to the Settlement System Administrator within three working days after receipt of such information from the Grid Operator and the Settlement System Administrator so as to be despatched by the Settlement System Administrator to Suppliers in accordance with the relevant Agreed Procedure to enable the Settlement System Administrator to take into account the final Settlement Run for each Settlement Day.
Any dispute regarding the accuracy of data recorded or transmitted by Metering Equipment comprising a Stage 1 Metering System in respect of any Settlement Day which is to be used for the purposes of Stage 1 Settlement and where the purpose of the resolution of such dispute is solely to affect payments arising from a Settlement Run shall, if there is a relevant Agreed Procedure, be dealt with in accordance with such Agreed Procedure.
For an Initial Settlement Run r = 0, and for a Final Settlement Run, r = 4 In = the Barclays Bank plc daily declared base interest rate for the Working Day prior to day n Vr = amount due from run calculation r, excluding interest due, and n = day number count For the purpose of calculating daily interest rates, the number of days in a leap year shall be deemed to be 365.

More Definitions of Settlement Run

Settlement Run means as appropriate, an Initial Settlement Run, Reconciliation Run, Final Reconciliation Run or Dispute Final Reconciliation Run;

Settlement Run means, as appropriate, an Initial Settlement Run, Reconciliation Settlement Run, or Interim Information Settlement Run;

Settlement Run. : means, as appropriate, an Initial Settlement Run, Reconciliation Run, or Interim Information Settlement Run.

Settlement Run. Special Run", "Stage 1 Settlement Run", "Stage 2 Initial Settlement Run", "Timetabled Reconciliation Run" and "underpayment";