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NPRR773

Summary

Title Broadening Scope of Acceptable Letter of Credit Issuers
Next Group
Next Step
Status Approved on 12/13/2016
Effective Dates
01/01/2017

Action

Date Gov Body Action Taken Next Steps
12/13/2016 BOARD Approved
12/01/2016 TAC Recommended for Approval Revision Request Consideration
08/25/2016 TAC Deferred/Tabled Revision Request Consideration
08/11/2016 PRS Recommended for Approval Revision Request Consideration
07/14/2016 PRS Recommended for Approval Impact Analysis Consideration
06/16/2016 PRS Deferred/Tabled Language Consideration

Voting Record

Date Gov Body Motion Result
12/13/2016 BOARD To approve NPRR773 as recommended by TAC in the 12/1/16 TAC Report. Passed
12/01/2016 TAC To recommend approval of NPRR773 as recommended by PRS in the 8/11/16 PRS Report. Passed
08/25/2016 TAC To table NPRR773. Passed
08/11/2016 PRS To endorse and forward to TAC the 7/14/16 PRS Report and Impact Analysis for NPRR773. Passed
07/14/2016 PRS To recommend approval of NPRR773 as amended by the 6/22/16 Credit WG comments. Passed
06/16/2016 PRS To table NPRR773 and refer the issue to the Credit Work Group (Credit WG) and to WMS. Passed

Background

Status: Approved
Date Posted: May 9, 2016
Sponsor: GSEC
Urgent: No
Sections: 16.11.3
Description: This Nodal Protocol Revision Request (NPRR) broadens the scope of acceptable letter of credit issuers to include other financial institutions.
Reason: Market efficiencies or enhancements

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