To participate in a transport auction or a storage offer 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 Booking, Secondary Trading).
A credit limit contains:
a. A specific amount (Static and Used).
b. A validity period (in regard to the product runtime).
c. A credit framework (product applicability and multiplication factor for the transaction value).
Credit Limit Check
At the moment you attempt to conclude a transaction (bid placement etc.), 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" in 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.
Now, 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.