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Terms and Conditions Trader's Corner

General Terms and Conditions Trader's Corner
General Terms and Conditions of Participation on the Polish Choice Market
Ogólne warunki uczestnictwa w Polskim Rynku Wyboru (Participation on the Polish Choice Market; Polish translation)

General Terms and Conditions Trader's Corner

The Live Prices ("Quotes") published at the Trader's Corner ("Screen") are made by Electrabel N.V./S.A. ("EBL"), through its division "Trading and Portfolio Management" ("TPM") and are addressed to the sole undertakings ("Clients"), which, prior to the acceptance of the Quotes, have been approved by the Credit Department of EBL.

Any transaction concluded in accordance with the present Terms and Conditions shall be governed by the relevant master agreement entered into or to be entered into by the parties.

Should the Client not have been approved by EBL's Credit Department or should no relevant master agreement be entered into between the Client and EBL, please contact origination@electrabel.com.

The "Quotes" for Power and/or Gas, are bid and offer Indicative Prices for the respective commodities for a volume and delivery (tenor, quality, location, ...) consistent with the information on the Screen and the specifications which can be obtained by clicking on the product name.  The Quotes are firm bid and offer prices only when the icon  ("Tradable Price") is displayed in front of the applicable product and for as long as the maximum available quantity has not already been purchased/sold, on a first come first served basis, by (a) Client(s) during the validity period of the Quotes.  Detailed information on the trading sessions and trading quantities can also be obtained by clicking on the product name.

An "Indicative Price" shall mean a price, which EBL has provided for information and reference purposes only.   Transactions may not be concluded on any such Indicative Price. Such Indicative Prices are not an investment advice or (a solicitation of) an offer to buy or sell the commodities or instruments or to participate in a particular trading strategy mentioned.
No representation is made that the information within the Screen is accurate or complete.

According to the time of the day and the liquidity level in the wholesale trading market, there may not always be prices for certain products on the screen. EBL takes no responsibility if, due to market dynamics, prices for some instruments are not available at a given moment. However, on demand, EBL can give prices for these products. If the Client wishes to conclude a (wholesale) transaction with EBL, it should contact the "Today's Trader" as mentioned on the Screen and ask for an update of the price on the Screen or a new price for that (or any other) instrument.

Deal execution, applicable to Tradable Prices only: transactions can exclusively be done by calling the "Today's trader" as displayed on the Screen on a first come, first served basis, it being understood that more than one transaction can be concluded on a daily basis, within the limits of the maximum available quantity. A confirmation of the transaction shall be sent by EBL to the Client.

The Trader's Corner itself and/or any data published thereon or divulged through it (including any Quotes) are confidential and proprietary materials of EBL. The Client can only use these data in compliance with, and for the purposes described in, these terms and conditions.  The data cannot be shared with, or distributed or disclosed to, any third party, without prior written consent of EBL. The disclosure by EBL of these data under the present Terms and Conditions cannot be construed as transferring or granting the Client any license, patent or other intellectual or industrial property right.

The Trader's Corner is provided "as is" without any warranty or implied term or condition of any kind, including, but not limited to, fitness for a particular purpose, compatibility or security. EBL does warrant that the use of the Trader's Corner will be free from computer viruses or error-free. All such warranties and implied terms are hereby excluded.

EBL accepts no responsibility or liability for any unauthorized use of the Client's user ID, user name or passwords or unauthorized access to the Trader's Corner. The Client agrees to notify EBL immediately (origination@electrabel.com) on its becoming aware of any theft, loss of confidentiality or unauthorized use of the Client's user ID, user name or passwords.
In case of inappropriate use of the Trader's Corner, EBL reserves to cut-off the Client's access at any time without prior notification.

By accessing the Trader's Corner, the Client expressly accepts the present Terms and Conditions and declares to be familiar with the prevailing wholesale market conditions of the instruments offered on the Screen and declares to be a Client entitled to perform the transaction.

The present Terms and Conditions shall be governed by the laws of the Kingdom of Belgium.

Nothing on this site should be construed as implying that EBL undertakes or offers to its Clients portfolio management services or investment advices within the meaning of such terms under the Directive 2004/39/EC on markets in financial instruments.

Electrabel S.A./N.V.
Boulevard du Régent 8
B-1000 Brussels
origination@electrabel.com
VAT BE 403 170 701
RPM/RPR Brussels 0403.170.701

 

General Terms and Conditions of Participation on the Polish Choice Market

Product
The product to be traded on the Polish Choice Market will be conventional electric power for domestic market, sold or purchased in 5 MW base-load, up to maximum 25 MW. As the daily volume of purchase and sales within the PPI is limited up to 25 MW, while concluding the transaction with the Participant, Electrabel Polska Sp. z.o.o. will use the rule first come, first served.

Price
Every working day, from 09:00 to 09:05, Electrabel Polska Sp. z.o.o. will post a single price the "choice price" on its website for the next day. Published "choice price" regards both purchase and sales offers. The Participant defines direction of the transaction.
Every Friday two "choice prices" will be published. The first one between 9:00 and 9:05 for transactions regarding Saturday, another one between 10:00 and 10:05 for transactions regarding Sunday and Monday.

Transaction
Transaction on the Polish Choice Market will be concluded by the phone, and then confirmed by Transaction Agreements, using the EFET General Agreement Concerning the Delivery and Acceptance of Electricity (Version 2.1/December 20, 2000) or the framework contract concluded individually with the Participant.
Phone number, to which it is necessary to call in order to conclude a transaction as well as the name of a person servicing the Polish Choice Market on the given day, will be presented on the website under the title "Today's PPI Trader", above the Live Prices table, where the "choice price" will be published with the delivery period transaction refers to.

Participation Conditions and Settlement of Accounts between the Parties
Participation in the Polish Day-Ahead Choice Market, called "Polish Power Index" begins after the Participant signs the Participation Form, based on which the login and access password to the exchange table will be generated.
Till 31.12.2006 it is possible to participate in the Polish Choice Market after signing the Participation Form, based on valid framework contract concluded between the Participant and Electrabel Polska Sp. z o.o.

Financial clearances between Electrabel and a Participant regarding electricity delivered or purchased through Polish Choice Market shall be settled based on records of the EFET contract concluded by the Participant with Electrabel Polska Sp. z o.o. or Electrabel S.A.

By signing the aforementioned Participation Form, the Participant expressly accepts the present terms and conditions and declares to be familiar with the prevailing wholesale market conditions of the instruments offered on the website and declares to be a Participant entitled to perform the transaction.

In case of inconsistencies between the English version and the Polish version below, the English version shall prevail.

 

Ogólne warunki uczestnictwa w Polskim Rynku Wyboru

Produkt
Przedmiotem obrotu na Polskim Rynku Wyboru jest energia elektryczna konwencjonalna przeznaczona na rynek krajowy, sprzedawana lub kupowana w pasmach 5 MW, maksymalnie do 25 MW. Z uwagi na ograniczenie dziennego wolumenu zakupu i sprzeday w ramach "PPI" do 25 MW, przy zawieraniu z Uczestnikiem transakcji Electrabel bdzie stosowa zasad "kto pierwszy ten lepszy".

Cena
Kadego dnia roboczego, od 09:00 do 09:05, Electrabel bdzie publikowa na swojej stronie internetowej jedn cen - "cen wyboru" dla nastpnej doby. Opublikowana "cena wyboru" dotyczy zarówno ofert kupna jak i sprzeday. Kierunek transakcji okrela Uczestnik.
W kady pitek publikowane bd dwie "ceny wyboru". Pierwsza pomidzy 9:00 a 9:05 dla transakcji dotyczcych soboty, kolejna pomidzy godzin 10:00 a 10:05 dla transakcji dotyczcych niedzieli i poniedziaku.

Transakcja
Transakcja na Polskim Rynku Wyboru zawierana bdzie telefonicznie, a potwierdzana na Porozumieniach Transakcyjnych, których wzór okrela zawarta indywidualnie z Uczestnikiem umowa EFET lub ramowa umowa sprzeday.
Numer telefonu, na który naley dzwoni eby zawrze transakcj oraz nazwisko osoby obsugujcej danego dnia Polski Rynek Wyboru bd wywietlane na stronie internetowej, nad tabel kursow, w której publikowana bdzie "cena wyboru" wraz z okresem dostawy, którego dotyczy.

Warunki uczestnictwa i rozliczenia Stron
Udzia w Polskim Rynku Wyboru dla nastpnej doby, zwanym "Polskim Indeksem Energii" ("PPI") nastpuje po podpisaniu przez Uczestnika Formularza Uczestnictwa, na podstawie którego wygenerowany zostanie login i haso dostpu do tabeli kursowej.
Rozliczenia finansowe pomidzy Electrabel, a Uczestnikiem z tytuu energii dostarczonej lub zakupionej poprzez Polski Rynek Wyboru realizowane bd na podstawie zapisów umowy EFET zawartej przez uczestnika z Electrabel Polska Sp. z o.o. lub Electrabel S.A.
Do 31.12.2006 roku dopuszcza si udzia w Polskim Rynku Wyboru po podpisaniu Formularza Uczestnictwa, na podstawie obowizujcej ramowej umowy sprzeday energii zawartej przez Uczestnika i Electrabel Polska Sp. z o.o.
Podpisujac ponizszy Formularz Uczestnictwa, Uczestnik wyraza akceptacje warunkow uczestnictwa i oswiadcza ze zapoznal sie i rozumie warunki oferty instrumentow poprzez strone internetowa oraz oswiadcza ze staje sie Uczestnikiem uprawnionym do zawierania transakcji.

W przypadku rozbieznosci pomiedzy wersja polska a wersja angielsko wiazaca dla stron bedzie wersja angielskska.

 

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