Delivery Point Delivery point for the purpose of contract, shall be reckoned as the periphery of Regional Transmission System in which the grid-connected exchange entity is located. The same shall be used for the purpose of payment of transmission charges in cash and transmission losses in kind. For example, delivery point for a state-embedded entity in Maharashtra shall be WR periphery. Day-ahead Scheduling of Exchange traded contracts The Exchange traded contracts will be aggregated for each region and State for each hour. This will also give net contractual flows between regions and/or bid areas. After the schedules are issued by NLDC/SLDCs, the delivery shall be deemed to have been completed. Transmission Capacity, Transmission Charges and Losses Levy of transmission charges Following Transmission Charges shall be payable by the Members for the traded contracts: Transmission Charges for respective Regional Transmission System, as made applicable under the Central Electricity Regulatory Commission (Open Access in inter-State Transmission) Regulations, 2008. Transmission Charges for respective State Transmission Licensee, as decided by the concerned State Electricity Regulatory Commission. In absence of any direction or order from concerned SERC, in this respect, the provisions as stipulated in the Central Electricity Regulatory Commission (Open Access in inter-State Transmission) Regulations, 2008 shall be applicable. Socialized Scheduling and Operating Charges for trades on the Exchange. The Exchange shall pay such charges based on Central Electricity Regulatory Commission (Open Access in inter-State Transmission) Regulations, 2008 to NLDC and SLDCs. Such charges shall be socialized over all transactions within respective State(s) and Region(s). Any other charges as specified by CERC. Transmission Losses: All grid connected exchange entities shall pay, in kind, the transmission losses from delivery point to its grid connection point. Transmission losses, for the Regional Transmission System, as decided by the NLDC for Collective transactions, shall be accounted for at the time of scheduling. Similarly, transmission losses for the State Transmission Licensees, as prescribed by the respective SERC, shall also be accounted for at the time of scheduling.