Exchange Rules

EXCHANGE RULES
v3.0
4.8.2 Physical Settlement
(1) BSP does not at any time assume title on the rights and/or obligations, subject to
registration in the respective Physical Settlement Domains. These rights and
obligations are at all times attributed to the parties of each Final Transaction.
(2) BSP shall calculate for each Clearing Member its physical liabilities and/or
receivables for each kind of either energy or associated products for each
Settlement Day according to the registered Final Transactions.
(3) Settlement Day for physical settlement shall be determined by the Physical
Settlement Domain Rules for each Product in accordance with the Market
Definition of the respective Market.
(4) Physical settlement of physical liabilities and/or receivables shall be effected,
according to the provisions of applicable laws and Physical Settlement Domain
Rules.
(5) The Clearing Member guarantees that it will strictly comply with the instructions
by BSP in order to appropriately effect the physical settlement. In case of
non-compliance with the abovementioned instructions, BSP shall be entitled to
financial reimbursement of costs related to unsuccessful physical settlement in
accordance with the Price List.
4.9 Default
(1) A Clearing Member Defaults, if it does not fulfil its obligations in accordance with
the Rules.
BSP Energy Exchange LL C Copyright 2019 All rights reserved
69