Settlement Process
NBSO performs the Market Settlement monthly. NBSO has until the 5th Business Day
of any given month to produce the settlement statements and invoices for both Market
Participants and Transmitters with respect to the previous calendar month. Market
Participants and Transmitters then have until the 20th day of the month to complete
full payments in accordance with those invoices, unless the 20th day is not a Business
Day, in which case full payment must be made by the closest previous Business Day.
In the case of a net credit invoice, NBSO has until two Business Days after the
aforementioned date to make full payment to the respective Market Participant or
Transmitter.