The HETS Operator and the Participants and Participants subject to Deletion shall issue the necessary documents on the basis of the Settlement Results for each month M until the 7th business day of month M+2. For each month M, the payments to the HETS Operator shall be made by the 9th business day of month M+2 and the payments to the Participants and Participants subject to Deletion by the 10th business day of month Μ+2.