SECMP 0016: Consideration of "Maximum Credit" value in credit cover calculation

Date raised 03/06/2016 Modifications Path Path 2 – Authority Determination
Current stage Not Applicable Overall status Accepted - implemented
Refinement? Yes Urgent modification? No
Proposer name Jeremy Guard Proposer's organisation First Utility Limited

Summary

This Modification Proposal seeks to make changes to the SEC Credit Cover Requirement calculation so that it takes into account the credit value specified by an independent credit assessor.

Proposed implementation timetable

Modification Proposal raised: 3 June 2016

Panel considers Initial Modification Report: 17 June 2016

Working Group Consultation: 03 October 2016 - 21 October 2016

Draft Modification Report presented to Panel: 11 November 2016

Modification Report Consultation: 16 November 2016 - 07 December 2016

Change Board Vote: 21 December 2016

Authority Decision: 26 January 2017

Implementation date

01/04/2017

Documents

  • Modification Proposal Raised
  • Initial Modification Report
  • Refinement Process
  • Modification Report
  • Change Board Vote
  • Modification Decision
SECMP0016 - Modification Proposal Form
03/06/2016
SECMP0016 - Initial Modification Report
17/06/2016
SECMP0016 - Working Group Consultation
10/10/2016
SECMP0016 Attachment A - Draft legal text
05/10/2016
SECMP0016 Attachment B - Credit Cover data model v4
05/10/2016
SECMP0016 Attachment C - Working Group Consultation response form
06/10/2016
SECMP0016 - Impact Assessment
25/10/2016
SECMP0016 - Working Group Meeting 1 - Final Minutes
16/02/2017
SECMP0016 - Modification Report
16/11/2016
SECMP0016 - Modification Response Attachment A - Legal Text
16/11/2016
SECMP0016 - Modification Report Attachment B - Working Group Consultation Responses
16/11/2016
SECMP0016 - Modification Report Attachment C - Modification Report Consultation Response Form
16/11/2016
SECMP0016 - Final Modification Report
15/12/2016
SECMP0016 - Final Modification Report Attachment A - Legal Text
15/12/2016
SECMP0016 - Final Modification Report Attachment B - Consultation Responses
15/12/2016
SECMP0016 - Final Modification Report (Post CB vote)
22/12/2016
SECMP0016 - Final Modification Report Attachment A - Legal Text
22/12/2016
SECMP0016 - Final Modification Report Attachment B - Working Group Consultation Responses
22/12/2016
SECMP0016 - Final Modification Report Attachment C - Modification Report Consultation Responses
22/12/2016
SECMP0016 - Final Modification Report Attachment D - Change Board Vote Outcome
22/12/2016
17 01 26 - SECMP0016 Authority Decision
26/01/2017

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