house services – ENQEIR977 - FASS Credit Management Services

The TSOs are developing competitive market arrangements for system services under the FASS Programme (Future Arrangements for System Services). The TSOs require that all markets under FASS are fully collateralised.

To accomplish this the TSOs require credit management services to be provided by a third party, who will assume and manage the credit risk to the TSOs, including the implementation of automated system-to-system interfaces to enable this service. • The primary service required by the TSOs is credit management for DASSA (Day Ahead System Services Auction) secondary trading.

g. DASSA compensation payments) and resettlement.

Please note that the value of this tender reflects the amount expected to be paid by EirGrid and SONI for this implementation and maintenance of this service. The TSOs expect that the operational costs for providing this service will be recovered from market participants, reflecting the cost to the tenderer to manage market participants’ credit cover.

As such, the value of the tender reflects only the portion of the total value payable by EirGrid and SONI to the tenderer.