Shortening the late payment default timeline for a credit support reduction
Summary of this change
CPW117: The lengthy timeline currently in the market codes for defaults is, in the view of the proposer, adding unnecessarily to the burden of high working capital requirements. This change seeks to reduce the number of days required within the late payment default and termination process by 10 Business Days (14 calendar days) in exchange for the same number of days being released from the Credit Support Amount due.
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CPW117 Change Proposal Form | 22/03/2021 |
CPW117 Attachment : Retailer Margin Breakdown | 22/03/2021 |
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CPW117 Legal Drafting | 20/04/2021 |
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CPW117 Consultation Documents | 20/04/2021 |
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CPW117 Draft Recommendation Report | 18/06/2021 |
CPW117 FRR | 02/07/2021 |
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CPW117 Ofwat Decision | 15/10/2021 |