Regulation 10 Offer to contract
An offer of a CFD is made by the CFD counterparty signing two copies of a CFD completed in accordance with regulation 9(3) and sending both copies to the eligible generator.
The CFD counterparty must make an offer of a CFD within 10 working days of receiving a CFD notification.
The eligible generator, to whom the offer of a CFD is made, enters into a CFD where—
the eligible generator signs both copies of a CFD and returns one copy to the CFD counterparty; and
the CFD counterparty gives the eligible generator a notice stating that the CFD counterparty has received a copy of the CFD from the eligible generator which has been signed by both contracting parties.
The CFD counterparty must give the notice under paragraph (3)(b) as soon as reasonably practicable after the CFD counterparty receives a signed copy of a CFD from an eligible generator.
Where a CFD is entered into, the CFD counterparty must inform the delivery body as soon as reasonably practicable.