1. Mod_06_12 Improved Efficiencies in LCF Process 31 January 2012*
Mod_06_12 Improved Efficiencies in LCF Process 31 January 2012 *
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2. Key Steps for Current LCF Process
Pre-Gate Closure*1
Participant – notifies SEMO of possible LCF
SEMO – confirms LCF
SEMO – Advises Participant to submit bids (via fax)
Post Gate Closure*3
SEMO – validate LCF bid submission
SEMO – manually enter bids
SEMO – secondary check of manually entered bids
SEMO – send response to Participant whether the offer data have been successfully loaded.
~ 40 minutes*2
Participant
Market Controllers
Market Helpdesk
Market IT
~ 30+ minutes*4
Market Controllers
Market Helpdesk
*1 - Key steps only.
*2 - Time is indicative , being dependent on Participant familiarity with LCF process and type of data being submitted.
*3 - Key steps only, detail involves 18+ steps
*4 - Time is indicative and will depend upon event, number of Units, bid structure, etc.

4. Key Steps for NEW LCF Process
Pre-Gate Closure
Participant – notifies SEMO of possible LCF
SEMO – confirms LCF
Participant to submit bids (via SEMO Website)
Participant to submit User name, Password and Transaction ID (via Fax)
Post Gate Closure
SEMO – Uploads XML file
SEMO – send response to Participant whether the offer data have been successfully loaded. (via fax)
~ 20 minutes
Participant
Market Controllers
Market Helpdesk
Market IT
~ 10 minutes*4
Market Controllers
Market Helpdesk
*4 - Time is indicative and will depend upon event, number of Units, bid structure, etc.