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PRISMAs Integrated Secondary Functionality 18 February 2014

PRISMAs Integrated Secondary Functionality · PRISMAs Integrated Secondary Functionality 18 February 2014 . 18/02/2014 | Chart 2

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Page 1: PRISMAs Integrated Secondary Functionality · PRISMAs Integrated Secondary Functionality 18 February 2014 . 18/02/2014 | Chart 2

PRISMAs Integrated Secondary

Functionality 18 February 2014

Page 2: PRISMAs Integrated Secondary Functionality · PRISMAs Integrated Secondary Functionality 18 February 2014 . 18/02/2014 | Chart 2

18/02/2014 | Chart 2

Introduction to the new secondary functionality

Basic Principles

Role Definitions

Registration

Basic Features

Secondary Trading Overview

Secondary Trading Procedures

How to Create a Proposal to Buy / Sell

How to Place a Response

Accepting / Rejecting a Trade by the Initiating Shipper

Additional Features

Trader Lists

Trading Conditions

Agenda

Page 3: PRISMAs Integrated Secondary Functionality · PRISMAs Integrated Secondary Functionality 18 February 2014 . 18/02/2014 | Chart 2

18/02/2014 | Chart 3

Introduction to the new secondary functionality Before, shippers had to use several platforms for secondary trading…

Capsquare PRISMA primary PRISMA

secondary

Shipper 1 Shipper 2

Page 4: PRISMAs Integrated Secondary Functionality · PRISMAs Integrated Secondary Functionality 18 February 2014 . 18/02/2014 | Chart 2

18/02/2014 | Chart 4

Introduction to the new secondary functionality In January 2014, the new integrated secondary functionality was

launched at PRISMA…

PRISMA Platform

Supporting

processes Auctions FCFS Surrender

Secondary functionalities were integrated as a separate module into the PRISMA platform

and will step by step replace the currently existing secondary platforms

Secondary functionalities were integrated seamlessly in the existing platform

Supporting processes like registration, grid point master data etc. are used by all functionalities

1

2

2

Secondary

1

Page 5: PRISMAs Integrated Secondary Functionality · PRISMAs Integrated Secondary Functionality 18 February 2014 . 18/02/2014 | Chart 2

18/02/2014 | Chart 5

Introduction to the new secondary functionality Overview of the functionalities of the PRISMA platform

PRISMA Platform

Shipper registration

FCFS Bookings

Overview of grid points

Secondary capacity Primary capacity

Auctions

Display of contract positions

Capacity Bundling, Upgrade, Surrender

Shippers can create Trade Proposals

Credit Limits

Balancing

groups and

portfolios

OTC

(bilateral)

Call for Orders

FCFS

Page 6: PRISMAs Integrated Secondary Functionality · PRISMAs Integrated Secondary Functionality 18 February 2014 . 18/02/2014 | Chart 2

18/02/2014 | Chart 6

Introduction to the new secondary functionality

Basic Principles

Role Definitions

Registration

Basic Features

Secondary Trading Overview

Secondary Trading Procedures

How to Create a Proposal to Buy / Sell

How to Place a Response

Accepting / Rejecting a Trade by the Initiating Shipper

Additional Features

Trader Lists

Trading Conditions

Agenda

Page 7: PRISMAs Integrated Secondary Functionality · PRISMAs Integrated Secondary Functionality 18 February 2014 . 18/02/2014 | Chart 2

18/02/2014 | Chart 7

Basic Principles Platform Roles

Guest (unregistered)

Everyone – no registration and login is required. Guests can look at all publicly

available information.

Shipper User

Shipper role with the right to trade capacities with the TSOs and other shippers. A

shipper can have multiple users. All users can be authorised for both primary and

secondary capacity trading.

TSO User

Role for performing non-configurative tasks for the TSOs like

activating/deactivating shippers. May use the secondary market to acquire

capacity on the TSOs own grid points.

TSO Admin

Admin role for the configuration of TSO specific values and the management of

documents. May use (as well as the TSO user) the secondary market to acquire

capacity on the TSOs own grid points.

Page 8: PRISMAs Integrated Secondary Functionality · PRISMAs Integrated Secondary Functionality 18 February 2014 . 18/02/2014 | Chart 2

18/02/2014 | Chart 8

In order to trade on the secondary market of the

PRISMA platform NO separate registration is required

if you are already registered to PRISMA.

Some TSOs may, however, require additional documents from already

registered shippers.

New shippers registering on the PRISMA platform will automatically receive

all application documents for primary and secondary trading. After successful

evaluation of the application documents the TSOs will activate the shipper for

primary and/or secondary trading.

If you were only registered to the old PRISMA secondary or to capsquare you

will need to register to the PRISMA platform.

Basic Principles Registration – Access to secondary capacity trading

Page 9: PRISMAs Integrated Secondary Functionality · PRISMAs Integrated Secondary Functionality 18 February 2014 . 18/02/2014 | Chart 2

18/02/2014 | Chart 9

Basic Principles Registration – Viewing a shippers’ secondary market access

The status of a shippers’ activation in the primary and secondary market can be

viewed under “MY PRISMA” “Account Maintenance” “Status”.

Displays a shippers’ status information for the primary and secondary market access

Page 10: PRISMAs Integrated Secondary Functionality · PRISMAs Integrated Secondary Functionality 18 February 2014 . 18/02/2014 | Chart 2

18/02/2014 | Chart 10

Contract Duration

Capacity Categories

Transaction Types

Trading Times

Anonymity

The contract period of each trade proposal can be defined

individually by the shipper

Firm and interruptible capacity of all categories supported by

the respective TSO can be traded on the secondary market

Capacity assignment & transfer of use are supported by

PRISMA; TSO’s can configure which transaction types are

allowed to be traded at the corresponding points

Secondary products can be traded 24/7 on the platform

Lead time of the respective TSO must to be considered when

trade proposal expiry date is set by the shipper

All non-OTC trading procedures are anonymous until the deal

is concluded; only then are the parties are revealed to each

other

The counterparties may remain completely anonymous during

the entire contract lifecycle if supported by the TSO

(only possible for capacity assignments, with a price of € 0,00)

Basic Principles Basic Features 1/2

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18/02/2014 | Chart 11

Prices

Bundling

Product Settings

Prices (shipper to shipper) are entered in ct/kWh/h

Negative prices are allowed, i.e. the selling shipper could pay

the buying shipper for taking over capacity

For a capacity assignment, the field “Price” means the amount

of money the counterparty has to pay to the initiating shipper

(regulated tariff and surcharge will have to be paid directly to

the TSO by the new counterparty and go on top of the price)

For a transfer of use, the field “Price” means the full amount of

money the counterparty has to pay to the initiating shipper (

including the regulated tariff and possible surcharge; no

further money will be paid to the TSO)

Unbundled entry & exit products at the same point can be sold

as a bundle if supported by the TSO

The shipper placing the trade proposal can indicate whether it

is allowed to buy/sell only a part of the offered/requested

amount or period. Additionally, a minimum amount or period

per trade can be set.

Basic Principles Basic Features 2/2

Page 12: PRISMAs Integrated Secondary Functionality · PRISMAs Integrated Secondary Functionality 18 February 2014 . 18/02/2014 | Chart 2

18/02/2014 | Chart 12

Introduction to the new secondary functionality

Basic Principles

Role Definitions

Registration

Basic Features

Secondary Trading Overview

Secondary Trading Procedures

How to Create a Proposal to Buy / Sell

How to Place a Response

Accepting / Rejecting a Trade by the Initiating Shipper

Additional Features

Trader Lists

Trading Conditions

Agenda

Page 13: PRISMAs Integrated Secondary Functionality · PRISMAs Integrated Secondary Functionality 18 February 2014 . 18/02/2014 | Chart 2

18/02/2014 | Chart 13

The overview of all trade proposals can be found in the section „Proposals”

Secondary Trading Overview Overview of Trade Proposals

Search for trade proposals according to certain criteria

View the details of a selected trade proposal

The overview can be sorted using different viewing options

Page 14: PRISMAs Integrated Secondary Functionality · PRISMAs Integrated Secondary Functionality 18 February 2014 . 18/02/2014 | Chart 2

18/02/2014 | Chart 14

The symbol legend gives a registered user personalised information on the respective

trade proposal, e.g. whether the proposal is open to the user due to pre-set conditions

of the counterparty.

Secondary Trading Overview Overview of Trade Proposals

The legend of personalised information can be found at the bottom of the proposals page.

Page 15: PRISMAs Integrated Secondary Functionality · PRISMAs Integrated Secondary Functionality 18 February 2014 . 18/02/2014 | Chart 2

18/02/2014 | Chart 15

Secondary trading is possible at this network point.

You have already responded to the proposal.

This proposal was created by you.

You cannot respond to the proposal because the TSO activation is missing or

you have not been authorised by the TSO to trade on the secondary market.

You cannot respond to the proposal because you are not on the shippers

trader list.

Secondary Trading Overview Secondary Trading symbols

Page 16: PRISMAs Integrated Secondary Functionality · PRISMAs Integrated Secondary Functionality 18 February 2014 . 18/02/2014 | Chart 2

18/02/2014 | Chart 16

Secondary Trading Overview Details of secondary trade proposals

The master data browser contains all the trade proposals with detailed capacity

information. These are for example:

Trading procedure (FCFS, CFO, OTC)

Proposal Type (proposal to sell or to buy capacity)

Transaction Type (assignment or transfer of use)

TSO

Name of the network point

Price of the capacity

(if entered also the price for the underlying primary capacity is shown)

Entry or exit

Expiration date of the trade proposal

(the date until which OTC and FCFS trade proposals are open for responses)

Closure of the submission window

(the date and time until which a CFO trade proposal is open for responses)

Page 17: PRISMAs Integrated Secondary Functionality · PRISMAs Integrated Secondary Functionality 18 February 2014 . 18/02/2014 | Chart 2

18/02/2014 | Chart 17

Secondary Trading Overview Details of secondary trade proposals

It is displayed how many trades have already been concluded for the respective proposal.

When you select a trade proposal all details of the trade proposal are displayed.

In the details you can also view how many trades have already been concluded.

Page 18: PRISMAs Integrated Secondary Functionality · PRISMAs Integrated Secondary Functionality 18 February 2014 . 18/02/2014 | Chart 2

18/02/2014 | Chart 18

The overview of all individual responses to a placed trade proposal can be found in the

section „Trades”

Secondary Trading Overview Overview of Trades

Search for trades according to certain criteria

View the details of a selected trade

The overview can be sorted using different viewing options

Page 19: PRISMAs Integrated Secondary Functionality · PRISMAs Integrated Secondary Functionality 18 February 2014 . 18/02/2014 | Chart 2

18/02/2014 | Chart 19

Introduction to the new secondary functionality

Basic Principles

Role Definitions

Registration

Basic Features

Secondary Trading Overview

Secondary Trading Procedures

How to Create a Proposal to Buy / Sell

How to Place a Response

Accepting / Rejecting a Trade by the Initiating Shipper

Additional Features

Trader Lists

Trading Conditions

Agenda

Page 20: PRISMAs Integrated Secondary Functionality · PRISMAs Integrated Secondary Functionality 18 February 2014 . 18/02/2014 | Chart 2

18/02/2014 | Chart 20

There are two types of trade proposals:

Proposal to sell capacity:

A shipper holds capacity that they want to sell on the secondary market

Shippers in the market can place requests to buy capacity from the shipper who

placed the trade proposal

Proposal to buy capacity:

A shipper is looking for capacity on the secondary market

Shippers in the market can place capacity offers to the shipper who placed the

trade proposal

Secondary Trading Procedures Basic Definitions

Term Definition

Trade Proposal A Trade Proposal is a proposal of a shipper to either buy or sell capacity on the secondary

market

Request A Request is a response of a potential Buyer on a Trade Proposal, where the Trade Proposal

creator is proposing to sell capacity

Offer An Offer is a response of a potential Seller on a Trade Proposal, where the Trade Proposal

creator is proposing to buy capacity

Page 21: PRISMAs Integrated Secondary Functionality · PRISMAs Integrated Secondary Functionality 18 February 2014 . 18/02/2014 | Chart 2

18/02/2014 | Chart 21

Definition:

One of both Shippers creates Trade Proposal and states the counterparty.

The shippers agree on a capacity trade in advance (bilaterally outside of the

platform), registration, confirmation and validation is done on the PRISMA platform.

Price and conditions of the trade are agreed upon by the parties in advance.

Counterparty is notified as soon as the Trade Proposal has been submitted and

validated.

Counterparty can respond to the Trade Proposal, the Request/Offer is considered as

the confirmation of the counterparty.

Rules that apply for OTC deals:

The counterparty that accepts or rejects the deal cannot change the price

The vendor can also send the OTC request to several parties

Secondary Trading Procedures Over the Counter (OTC)

Initiated by Selling Shipper Initiated by Buying Shipper

OTC

•Offline negotiation on price & conditions

•Selling Shipper registers transaction

•Buying Shipper only confirms

•Offline negotiation on price & conditions

•Buying Shipper registers transaction

•Selling Shipper only confirms

Page 22: PRISMAs Integrated Secondary Functionality · PRISMAs Integrated Secondary Functionality 18 February 2014 . 18/02/2014 | Chart 2

18/02/2014 | Chart 22

OTC Process Chart

Secondary Trading Procedures

Initia

tin

g

Ship

per

Re

sp

on

din

g

Ship

per

Pla

tfo

rm

TS

O*

* 2 TSOs for bundled products

Publish trade

Receive

trade

confirmation

Receive

trade

confirmation

Receive

trade

confirmation

Confirm

trade

Activity on the platform

Create trade

proposal

Validate

trade

proposal

Receive

trade

proposal

Accept trade

Create trade

proposal

Validate

proposal

Place a

response

Create

trade

Validate

trade

Confirm

trade

Publish

trade

Validate

trade

Create trade Validate

trade

Activity is not on the platform

Page 23: PRISMAs Integrated Secondary Functionality · PRISMAs Integrated Secondary Functionality 18 February 2014 . 18/02/2014 | Chart 2

18/02/2014 | Chart 23

Definition:

Procedure initiated by party who creates a Trade Proposal, either a proposal to buy or

a proposal to sell capacity.

The price of the proposal to buy or sell is considered as the fixed price the buyer/seller

is willing to pay/sell for.

If a Shipper wants to respond to a proposal to sell, he creates a Request.

If a Shipper wants to respond to a proposal to buy, he creates a Offer.

Once the Request or Offer was submitted, it is automatically accepted

FCFS proposals are anonymous until the deal has been confirmed

Secondary Trading Procedures First Come First Served (FCFS)

Initiated by Selling Shipper Initiated by Buying Shipper

FCFS

•Binding offer by Selling Shipper

at fixed price

•Countered with (partial) Response by

Buying Shipper

•Binding request by Buying Shipper

at fixed price

•Countered with (partial) Response by

Selling Shipper

Page 24: PRISMAs Integrated Secondary Functionality · PRISMAs Integrated Secondary Functionality 18 February 2014 . 18/02/2014 | Chart 2

18/02/2014 | Chart 24

FCFS Process Chart

Secondary Trading Procedures

Initia

tin

g

Ship

per

Re

sp

on

din

g

Ship

per

Pla

tfo

rm

TS

O*

Publish trade

Receive

trade

confirmation

Receive

trade

confirmation

Receive

trade

confirmation

Confirm

trade

Create trade

proposal

Validate

trade

proposal

Receive

trade

proposal

Create a

response

Create trade

proposal

Validate

proposal

Place a

response

Create

trade

Validate

trade

Confirm

trade

Publish

trade

Validate

trade

Create trade Validate

trade

Publish trade

proposal

* 2 TSOs for bundled products Activity on the platform Activity is not on the platform

Page 25: PRISMAs Integrated Secondary Functionality · PRISMAs Integrated Secondary Functionality 18 February 2014 . 18/02/2014 | Chart 2

18/02/2014 | Chart 25

Definition:

Procedure initiated by party who creates a Trade Proposal, either a proposal to buy or proposal to sell

capacity.

The price of the proposal to buy/sell is considered as the max./min. the buyer/seller is willing to pay/sell

for.

If a Shipper wants to respond to a proposal to sell, he creates a Request .

If a Shipper wants to respond to a proposal to buy, he creates a Offer.

The party who created the Trade Proposal can wait for more Requests or Offers to come.

The party who created the Trade Proposal can select the Requests or Offers he accepts from all received

Requests or Offers.

CFO proposals are anonymous until the trade has been confirmed, i.e. is purely based on capacity

facts; this implies that the trade cannot be negotiated.

Rules that apply to Call for Orders:

When placing a request, the buyer can set a maximum price he is willing to pay.

When placing an offer, the vendor can set a minimum price he is willing to accept.

Both the buyer and the vendor have to set the maximum amount of capacity that they request/offer.

Secondary Trading Procedures Call for Orders (CFO)

Initiated by Selling Shipper Initiated by Buying Shipper

Call for

Orders

• CFO started by Selling Shipper

• Buying Shipper proposes (partial)

Response & price

• Response evaluation by Selling Shipper

• CFO started by Buying Shipper

• Buying Shipper proposes (partial) Response &

price

• Response evaluation by Buying Shipper

Page 26: PRISMAs Integrated Secondary Functionality · PRISMAs Integrated Secondary Functionality 18 February 2014 . 18/02/2014 | Chart 2

18/02/2014 | Chart 26

CFO Process Chart

Secondary Trading Procedures

Initia

tin

g

Ship

per

Re

sp

on

din

g

Ship

per

Pla

tfo

rm

TS

O*

Publish trade

Receive

trade

confirmation

Receive

trade

confirmation

Receive

trade

confirmation

Confirm

trade

Create trade

proposal

Validate

trade

proposal

Receive

trade

proposal

Create a

response

Create trade

proposal

Validate

proposal

Place a

response

Create

trade

Validate

trade

Confirm

trade

Publish

trade

Validate

trade

Create trade Validate

trade

Accept

response

Publish trade

proposal

* 2 TSOs for bundled products Activity on the platform Activity is not on the platform

Page 27: PRISMAs Integrated Secondary Functionality · PRISMAs Integrated Secondary Functionality 18 February 2014 . 18/02/2014 | Chart 2

18/02/2014 | Chart 27

Introduction to the new secondary functionality

Basic Principles

Role Definitions

Registration

Basic Features

Secondary Trading Overview

Secondary Trading Procedures

How to Create a Proposal to Buy / Sell

How to Place a Response

Accepting / Rejecting a Trade by the Initiating Shipper

Additional Features

Trader Lists

Trading Conditions

Agenda

Page 28: PRISMAs Integrated Secondary Functionality · PRISMAs Integrated Secondary Functionality 18 February 2014 . 18/02/2014 | Chart 2

18/02/2014 | Chart 28

To start creating a trade proposal simply go to the “Proposals” overview and click on

the “Create” Button

From there the platform will take you through various steps to place your trade

proposal on the secondary market

How to place a proposal to buy or sell capacity First steps

Click here to create a trade proposal for the secondary market

Page 29: PRISMAs Integrated Secondary Functionality · PRISMAs Integrated Secondary Functionality 18 February 2014 . 18/02/2014 | Chart 2

18/02/2014 | Chart 29

How to place a proposal to sell capacity Step 1 – Selecting your trade proposal type

Select whether you would like to buy or sell capacity

Page 30: PRISMAs Integrated Secondary Functionality · PRISMAs Integrated Secondary Functionality 18 February 2014 . 18/02/2014 | Chart 2

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How to place a proposal to sell capacity

Step 2 – Defining the capacity information (1/3)

Select whether you would like to trade an unbundled/bundled deal or whether you want to create a bundled trade proposal out of two unbundled deals

Page 31: PRISMAs Integrated Secondary Functionality · PRISMAs Integrated Secondary Functionality 18 February 2014 . 18/02/2014 | Chart 2

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If the options “primary deal”, “ secondary deal” or “external deal” are selected, the capacity

information is automatically prefilled form the platform; select “manual” if you would like to

enter the capacity information yourself

How to place a proposal to sell capacity Step 2 – Defining the capacity information (2/3)

Select whether you would like to create the trade proposal from a

primary or secondary deal concluded on the platform,

an external deal (information needs to have been uploaded by the TSO),

or if you would like to manually enter the capacity information

Page 32: PRISMAs Integrated Secondary Functionality · PRISMAs Integrated Secondary Functionality 18 February 2014 . 18/02/2014 | Chart 2

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How to place a proposal to sell capacity Step 2 – Defining the capacity information (3/3)

Select the deal ID of the underlying primary deal or enter the information manually (if selected)

Page 33: PRISMAs Integrated Secondary Functionality · PRISMAs Integrated Secondary Functionality 18 February 2014 . 18/02/2014 | Chart 2

18/02/2014 | Chart 33

Test TSO

Step 1 and 2 are the same for all trade proposals

In Step 3, where you decide which trading procedure you would like to use the required

information slightly varies depending on the selected trading procedure.

How to place a proposal to sell capacity Step 3 – Selecting the trading procedure

Select your desired trading procedure

Page 34: PRISMAs Integrated Secondary Functionality · PRISMAs Integrated Secondary Functionality 18 February 2014 . 18/02/2014 | Chart 2

18/02/2014 | Chart 34

How to place a proposal to sell capacity

Step 3 – Selecting the transaction type

Select your desired transaction type

Page 35: PRISMAs Integrated Secondary Functionality · PRISMAs Integrated Secondary Functionality 18 February 2014 . 18/02/2014 | Chart 2

18/02/2014 | Chart 35

If supported by the respective TSO, it is possible to remain completely anonymous

throughout the whole trading process (only applicable for FCFS & CFO)

How to place a proposal to sell capacity Step 3 – Selecting the transaction type

FCFS

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18/02/2014 | Chart 36

In an OTC procedure you can select from a list of shippers who have agreed to be

published on the platform

The email address of the respective counterparty can be entered manually

If several email addresses of the counterparty shipper need to be entered, enter them

after one another separated by a semicolon ( ; )

How to place a proposal to sell capacity Entering information in an OTC procedure

Select your desired counterparty

Enter the email address of the counterparty

Test TSO

Page 37: PRISMAs Integrated Secondary Functionality · PRISMAs Integrated Secondary Functionality 18 February 2014 . 18/02/2014 | Chart 2

18/02/2014 | Chart 37

How to place a proposal to sell capacity Entering information in an OTC procedure

Enter the capacity information for your offer

Set the date until which you would like to receive responses to your offer

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18/02/2014 | Chart 38

For FCFS there is additional information to be entered:

How to place a proposal to sell capacity Entering information in an FCFS procedure

Define the minimum contract runtime for possible responses to your trade proposal

Define the minimum amount for possible responses to your trade proposal

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18/02/2014 | Chart 39

How to place a proposal to sell capacity Entering information in an CFO procedure

In case of a bundled point you can find the respective bundle information in two separate columns

Define the closure time of the submission window. You can set a later expiration date for the trade proposal in order to have time to evaluate the responses.

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FCFS

How to place a proposal to sell capacity Step 4 – Selecting a trader list and trading conditions

You may select a prepared trader list for your offer (only for FCFS and CFO)

You may attach trading conditions to the offer

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18/02/2014 | Chart 41

Before submitting your offer you need to check the data of your trade proposal in this final

step

How to place a proposal to sell capacity Step 5 – Check your data and submit the trade proposal

You can decide whether you would only like to save your proposal to publish it late or if you would like to publish it to the market right away

Page 42: PRISMAs Integrated Secondary Functionality · PRISMAs Integrated Secondary Functionality 18 February 2014 . 18/02/2014 | Chart 2

18/02/2014 | Chart 42

If you previously only prepared and saved your proposal you can submit the proposal “

From the “proposal overview”.

You also have the possibility to make changes to your prepared proposal in this step.

How to place a proposal to sell capacity

Optional: Submitting your proposal to sell at a later stage

Page 43: PRISMAs Integrated Secondary Functionality · PRISMAs Integrated Secondary Functionality 18 February 2014 . 18/02/2014 | Chart 2

18/02/2014 | Chart 43

To start creating a trade proposal simply go to the “Proposals” overview and click on

the “Create” Button

From there the platform will take you through various steps to place your trade

proposal on the secondary market

How to place a proposal to buy First steps

Click here to create a trade proposal for the secondary market

Page 44: PRISMAs Integrated Secondary Functionality · PRISMAs Integrated Secondary Functionality 18 February 2014 . 18/02/2014 | Chart 2

18/02/2014 | Chart 44

How to place a proposal to buy capacity Step 1 – Selecting your trade proposal type

Select whether you would like to buy or sell capacity

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18/02/2014 | Chart 45

Step 2.1: Select a TSO

How to place a proposal to buy capacity Step 2 – Defining the trade proposal

You can select the TSO from a list in the drop down menu

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18/02/2014 | Chart 46

How to place a proposal to buy capacity Step 2 – Selecting the network point

Select a network point from the list. The points marked in blue are available for secondary trading

Search for a specific network point

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18/02/2014 | Chart 47

How to place a proposal to buy capacity Step 3 – Select trading procedure and transaction type

Select your desired trading procedure

Select your desired transaction type

Select your desired trading procedure

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18/02/2014 | Chart 48

If you only want to buy the full amount and runtime of the trade proposal simply set the

minimum lot size and minimum lot runtime to the full amount.

How to place a proposal to buy capacity Step 3 – Enter the capacity information for your proposal to buy

Enter the capacity information for the capacity you would like to buy

Enter your balancing account / portfolio code

Enter the date at which you would like your proposal to end

Page 49: PRISMAs Integrated Secondary Functionality · PRISMAs Integrated Secondary Functionality 18 February 2014 . 18/02/2014 | Chart 2

18/02/2014 | Chart 49

How to place a proposal to buy capacity Step 4 – Selecting a trader list and trading conditions

You may select a prepared trader list for your proposal to buy

You may attach trading conditions to the proposal

Page 50: PRISMAs Integrated Secondary Functionality · PRISMAs Integrated Secondary Functionality 18 February 2014 . 18/02/2014 | Chart 2

18/02/2014 | Chart 50

Before submitting your proposal to buy you need to check the entered data.

How to place a proposal to buy capacity Step 5 – Check your data and submit the proposal to buy

In this step you can decide whether you would only like to save your proposal and publish it late or whether you would like to submit it right away

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If you previously only saved your proposal, you can submit it at a later stage under

“Trade Proposals” “Proposal Overview”.

You also have the possibility to make changes to your prepared proposal or delete the

proposal in this step.

How to place a proposal to buy capacity

Optional – Submitting your proposal to buy at a later stage

Page 52: PRISMAs Integrated Secondary Functionality · PRISMAs Integrated Secondary Functionality 18 February 2014 . 18/02/2014 | Chart 2

18/02/2014 | Chart 52

It is possible to withdraw your submitted proposals as long as no responses were accepted by the initiating shipper.

The status of a withdrawn trade proposal is changed to “withdrawn” and can be viewed under “Proposals”.

The status of all corresponding trades is changed to “cancelled” and can be views under “Trades”.

How to withdraw a submitted trade proposal to buy or sell

Page 53: PRISMAs Integrated Secondary Functionality · PRISMAs Integrated Secondary Functionality 18 February 2014 . 18/02/2014 | Chart 2

18/02/2014 | Chart 53

Introduction to the new secondary functionality

Basic Principles

Role Definitions

Registration

Basic Features

Secondary Trading Overview

Secondary Trading Procedures

How to Create a Proposal to Buy / Sell

How to Place a Response

Accepting / Rejecting a Trade by the Initiating Shipper

Additional Features

Trader Lists

Trading Conditions

Agenda

Page 54: PRISMAs Integrated Secondary Functionality · PRISMAs Integrated Secondary Functionality 18 February 2014 . 18/02/2014 | Chart 2

18/02/2014 | Chart 54

A response to an existing proposal on the secondary market can be started from the

“Proposal Overview”.

How to respond to a Proposal to Buy Starting a response to a secondary market trade proposal

Page 55: PRISMAs Integrated Secondary Functionality · PRISMAs Integrated Secondary Functionality 18 February 2014 . 18/02/2014 | Chart 2

18/02/2014 | Chart 55

How to respond to a Proposal to Buy Checking the proposal details

Check the information of the proposal you would like to respond to and click “Respond”

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In the next step to place a response on the “Proposal to buy” you need to enter information

of the capacity you would like to sell to the counterparty.

How to respond to a Proposal to Buy Step 1 – Entering the information of your offer

Select whether you would like to create the response (offer) from a

primary or secondary deal concluded on the platform,

an external deal or if you would like to manually

enter the capacity information

Select the deal ID of the underlying primary deal or enter the information manually (if selected)

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In the next step you can check your entered information and select a trader list if required.

How to respond to a Proposal to Buy Step 2 – Select trader list and trading conditions

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In the last step you can check your entered information and create the response.

How to respond to a Proposal to Buy Step 3 – Check the entered information

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A response to a proposal to sell on the secondary market can be started from the

“Proposal Overview”.

How to respond to a Proposal to Sell

Starting a response (request capacity)

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If you do not want to buy the full amount of capacity you can specify your requested

capacity in this step. Under “Expiration date” you can also define how long your response

will be binding (until when you expect an acceptance from the counterparty and the TSO).

How to respond to a Proposal to Sell Step 3 – Enter the capacity information for your response

Enter your balancing account / portfolio code.

Enter the capacity information for the capacity you would like to buy.

Select a trader list if you would like to use one.

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Introduction to the new secondary functionality

Basic Principles

Role Definitions

Registration

Basic Features

Secondary Trading Overview

Secondary Trading Procedures

How to Create a Proposal to Buy / Sell

How to Place a Response

Accepting / Rejecting a Trade by the Initiating Shipper

Additional Features

Trader Lists

Trading Conditions

Agenda

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Acceptance or Rejection of a Trade applies only for CFO (Call for Orders)

Any reaction to a created proposal can be started from the menu item “Trades”.

Accepting / rejecting a Trade by the Initiating Shipper

Accepting a Trade

Directly accept or reject a Trade or click on details to first view the Trade

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Any reaction to a created proposal can also be started from the “Proposal Overview”.

Accepting / rejecting a Trade by the Initiating Shipper

Accepting a Trade

Click on the details button to view all corresponding Trades

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Accepting / rejecting a Trade by the Initiating Shipper

Accepting a Trade

Click on the details button to view and accept/reject a Trade and to view its details

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The status of a Trade changes from

“new” to “pending” after it was

accepted/rejected by the initiating

shipper.

Once the Trade has been accepted by

the respective TSO it changes to

“finished”

If the TSO rejects the Trade its status

changes to “rejected”

The involved shipper parties are

informed about the TSO validation via

email.

Accepting / rejecting a Trade by the Initiating Shipper

Accepting a Trade

Click accept / reject button

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Introduction to the new secondary functionality

Basic Principles

Role Definitions

Registration

Basic Features

Secondary Trading Overview

Secondary Trading Procedures

How to Create a Proposal to Buy / Sell

How to Place a Response

Accepting / Rejecting a response of a shipper

Additional Features

Trader Lists

Trading Conditions

Agenda

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Trader lists can be used to restrict the secondary trading process to a defined number

of counterparties

Trader lists help shippers to restrict trading in accordance with their company’s

requirements (e.g. in terms of credit worthiness)

When creating a trade proposal or placing a response shippers can decide whether

they would like to apply a trader list in their trade proposal / response

It is possible to prepare various trader lists in advance to accompany the various

requirements of the shippers’ company

Limitations:

A trader list has to have at least three entries

Once a trader list is applied it can be also be withdrawn, but no other list can be

applied to the same trade proposal or response

Once a trader list is applied additional entries may be added to the list

Entries may only be removed when the trade proposal or response has reached a final

status (e.g. expired or finished)

Additional Features Trader Lists

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You can create one or more trader lists under “My PRISMA” “Account Maintenance”

Additional Features Trader Lists

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Please note that the selection list only shows shippers who have agreed to be visible on

the platform. Other shippers can be added by entering the EIC Code.

Additional Features Trader Lists

Enter the name of your trader list

Select 3 or more shippers that you would like to be able to participate in secondary trading for your proposals / responses

You can also add traders by entering their EIC code

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Additional Features Trader Lists

Click here to edit or delete the trader list

Click here to view the full list or to reduce the size of the list

Create further trader lists

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Additional Features Trader Lists

Lists can be selected during trade proposal creation

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Introduction to the new secondary functionality

Basic Principles

Role Definitions

Registration

Basic Features

Secondary Trading Overview

Secondary Trading Procedures

How to Create a Proposal to Buy / Sell

How to Place a Response

Accepting / Rejecting a response of a shipper

Additional Features

Trader Lists

Trading Conditions

Agenda

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Shipper can choose whether standard trading conditions provided by PRISMA* shall

apply or to attach his own trading conditions to the product.

Individual trading conditions can be uploaded to the platform. Those documents are

then available during the creation of a trade proposal.

Additional Features Trading Conditions

* PRISMA is currently supporting EFET to write standard trading conditions, these will be

available on the platform after finalization.

Create new trading conditions

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Additional Features Trading Conditions

Enter name for trading conditions

Select file for upload

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Additional Features Trading Conditions

All uploaded files are listed

Files can be deleted and viewed

Files can be selected during trade proposal creation

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Contact Contact information

Information before registering on the platform

PRISMA Hotline

Tel.: +49 341 699 2990 66

[email protected]

For technical issues after registration

User Help Desk

Tel.: +49 341 699 2990 69

[email protected]

For TSO related issues

Please call your individual TSO contact