The Credit Limit is the sum of collaterals in place (cash deposit + bank guarantee) minus any outstanding payment obligations.
Outstanding payment obligations are relative to:
- Bid(s) registered at the closure of the Bidding Period for any concurrent auction
- Any due amount for capacity acquired from the publication of provisional Auction Results until the publication of final results for any concurrent auction
The Credit Limit shall be revised based on the actual allocated Long Term Transmission Rights when the provisional Auction results are published.
For the purpose of the Credit Limit calculation, outstanding payment obligations shall be increased to include the taxes and levies in force. Reduction Periods are taken into consideration for the calculation of the Credit Limit.