Exchange Rules
BSP Rules Exchange Rules v3.0
BSP Rules Exchange Rules v3.0
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EXCHANGE RULES<br />
v3.0<br />
(2) For the purposes of the <strong>Rules</strong>, a Default shall be deemed to be every incident or<br />
circumstance on the basis of which BSP may conclude that a Clearing Member is<br />
not able or is expected not to be able to fulfil its obligations.<br />
(3) If a Clearing Member Defaults by failing to fulfil financial liabilities in time, BSP has<br />
the right to charge Statutory Default Interest; such interest shall accrue day by day<br />
from the day following the payment due date until receipt of full payment<br />
including interest and shall not be compounded.<br />
(4) In the case of a Default BSP may apply measures against the Clearing Member on<br />
the Market concerned in accordance with the <strong>Rules</strong> and applicable laws.<br />
BSP Energy <strong>Exchange</strong> LL C Copyright 2019 All rights reserved<br />
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