Overview

To perform any kind of activities in the primary, secondary or storage markets on PRISMA, you must have a sufficient credit limit if the operator requires a credit check. 

A credit limit is the maximum outstanding balance which each TSO or SSO assigns to a shipper.


The operator can assign multiple credit limits for different types of products (auctions, FCFS bookings, secondary tradings).


A credit limit contains:


  1. an identifier, which is the unique name given to the credit limit;

  2.  a specific amount (static and used);

  3. an interval, which establishes a validity period in regard to the product runtime;

  4. an application, which specifies to which types of products the credit limit applies;

  5. a credit framework (product applicability and multiplication factor for the transaction value).
    NOTE: The multiplication factor is not visible on your page.


Credit Limit Check

At the moment you attempt to conclude a transaction, your credit limit is checked against the information provided by the operator. 


If the solvency is insufficient - that is, if the credit limit is exceeded - you will not be able to place the bid. 


The unsuccessful transaction is signaled by a red error box that appears at the top right of the screen which says "Insufficient Solvency".



Credit Limit Management

You can view your credits limit set by each operator with which you have an assignment on your PRISMA Account. To find them, do as follows:


1. Log in to PRISMA


2. Go to "Account settings" at the top of the page


3. Then, click on "Assignment of operators" on the left side menu.


4. Finally, click on the grey arrow next to the operator whose credit information you would like to view.



As you can see below, your credit limit information is displayed along with your balancing groups and portfolio codes.



  • The static amount designates your total credit limit. It is the monetary threshold assigned by the operator.

 

  • The used amount designates the sum of your concluded transactions with that operator. 

    In the automatic credit check, the used amount is compared to the static amount to determine whether the transaction may be concluded:

    a. If the static credit limit is higher, then the transaction is processed.

    b. If the static credit limit is lower, then the transaction is blocked.
  • The application column may display an interval in curly brackets: this refers to the secondary market, which means that the credit limit check will only be performed if the runtime of the product lies within that interval.