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Intraday Power Trading User Manual, Release 0001A price will be executed first. If there are two or more orders with the same best price limit, the order with the oldest time stamp will be matched first. 2.3 Registration of Pre-arranged Trades Pre-arranged trades (OTC-trades) can be registered via the Intraday Trading Platform. Such trades are visible to the market as soon as they are approved by the counterparty. Pre-arranged trades are displayed neither in the “Market Overview” window nor in the “Orderbook Details” tab. Both counterparties of a pre-arranged trade are able to see the pre-arranged transaction entered into the system in their “Prearranged Orders” tab. The transaction receiving trader (balancing group) can either accept or reject a pre-arranged trade entered by the counterparty. European Energy Exchange AG File: IntradayPowerTrading UserManual_Simulation Version.doc Copyright 2006 – All rights reserved Page 5