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EBCC Update SCR impactsMark Cockayne 4th November 2013
EBCC Update
• EBCC has initiated work to look in more detail at the impacts of Ofgems SCR on its ability to operate should Emergency arrangements be invoked
• The committee has focused its work in four key areas:– Operation of Processes– Priority of Scoring for EBCC meetings– EBCC’s Operation– Relaxion of current arrangements / Business rules
Operating Process
Delegation of Authority
Shipper information
System access
Suspension of all services
Emergency MOD
Resource Cost Banking Services
Review sign off of credit payments
Reporting to ofgem/EBCC special arrangements
Review current rules
Succession + capability
MOD 233?
Skill set Exclude EBI availability
Availability
Suspension of holidays WLB of key staff
Daylight Limit
NGD Daily limits
Operating limits
Availability of CEO due to increased values
Contact list
Temporary shared area
Box account for communication
Delegated Authority levels
Priority of ScoringFor EBCC meetings Portfolio
growth
Communication interaction
commercial intelligence
reporting
Downgrade risk factor risk
Security arrangements
Party underwriting
Payment trends
Over or under delivery trends
FSRs number of cash calls over previous
period
Level of helpfulness
How they act in market
Ability to pay
D + B
Moody’s
S + P
EBCC Operation
National Grid input
Establish who from Xoserve
required
Conflict of interest
INCIDENTROOM
Ofgem’s role
Chair Availability
Quoracy
Gemserve members
appointment
Communication
Agree Adhoc appointment
process
Consider membership ofgem/another party
Priorities on orderOf discussion
Factors
Minutes
Checklists
Recording
Review timing
Resources
Relaxing current arrangements Business rules
Security
Cash collectionMarket Operator
EBCC Meetings
Cash calls
No changes proposed.
Existing rules apply- due to arrangements drafting + under UK termination process S.1.7.
timing for convention of meeting
Appeal ProcessResource issues
Extend time?
Reduce or suspend appeal notice
No appeal criteria
Still issue
Payment terms extend ?
Timing extend?- 4pm – end of gas day
Agree with EBCC members no validation
FSR
Consider suspension for a period beyond invoices issued and paid
Validate cash call suite
System solution for manual adjustment
Manually update letters/notices as we do currently
Cost of funding change
Communication of delivery
Faxes? Scan, email or file interface
Aggregate exposure
Accepting LOC from lower rated organisations
% of exposure underwriting
Process going forward
Suspending/ excluding peak SAP calc