Cookies on the ELEXON Portal

This website stores cookies on your computer, both as an essential part of the user experience and also to collect information to help us understand your use of the service and improve it. Use the links to the right to either view/change your cookie preferences, or simply dismiss this message and accept our default cookie settings. Note: A cookie will be stored on your computer to record these preferences.
> Cookie Preferences
> Dismiss Message
Subscribe to the RSS feed
Elexon BSC Portal logo
HomeFinancial and CreditFAA Forms 

FAA Forms

Last modified by Andy Howden - 28/11/2011 09:14:25

Letter of Credit (UCP500, UCP600, ISP98)

A Letter of Credit is an unconditional and irrevocable payment undertaking, in the form set out in Annex M-1 of the BSC Code, in sterling, in favour of the BSC Clearer, by any United Kingdom clearing bank or any other bank which has a long term debt rating of not less than single A by Standard & Poor's Corporation or by Moody's Investors Service, Inc., and which shall be available for payment at a United Kingdom branch of the issuing bank. Letters of Credit are accepted under UCP500, UCP600 or ISP98 rules.

Direct Debit Mandate

Trading Parties may elect to make payments by Direct Debit and this form is part of the application process.

 Letter of Credit (UCP500)56 KB19/08/2011
 Letter of Credit (UCP600)56 KB19/08/2011
 Letter of Credit (ISP98)56 KB19/08/2011
 Direct Debit Mandate54 KB19/08/2011