The Funds Administration Agent (FAA) manage the funds transfer between ELEXON and BSC Parties for any Trading Charges owed to or by BSC Parties during the Balancing & Settlement of the market. The FAA will require some company financial details from you to ensure they are ready to be able to invoice you for any Trading Charges owed or payable after go-live.

Please note that the FAA bank account from which you receive/to which you pay Trading Charges is separate to the two bank accounts in to which you pay BSC Charges and lodge Credit Cover.

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What do I need to do?

Submit a BSCP301/04(a) to Market Entry (market.entry@elexon.co.uk).This should be done at least 10WD before you intend to register in Central Systems.

For further guidance on the Funds Accession Form please see our Funds Accession Form Guidance Note.