CPW117

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
Attachment 1 : 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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