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SCR778
Summary
| Title | Credit Exposure Calculations for NOIE Options Linked to RTM PTP Obligations |
|---|---|
| Next Group | |
| Next Step | |
| Status | Approved on 02/11/2014 |
Action
| Date | Gov Body | Action Taken | Next Steps |
|---|---|---|---|
| 02/11/2014 | BOARD | Approved | |
| 01/28/2014 | TAC | Recommended for Approval | Board for consideration |
| 01/16/2014 | PRS | Recommended for Approval | TAC for consideration |
| 12/19/2013 | PRS | Recommended for Approval | PRS for IA review |
Voting Record
| Date | Gov Body | Motion | Result |
|---|---|---|---|
| 02/11/2014 | BOARD | To approve SCR778 as recommended by TAC in the 1/28/14 TAC Report. | Passed |
| 01/28/2014 | TAC | To recommend approval of SCR778 as recommended by PRS in the 1/16/14 PRS Report | Passed |
| 01/16/2014 | PRS | To endorse and forward the 12/19/13 PRS report and Impact Analysis for SCR778 to TAC with a recommended priority of 2014 and a rank of 1120. | Passed |
| 12/19/2013 | PRS | To recommend approval of SCR778 as submitted. | Passed |
Background
| Status: | Approved |
|---|---|
| Date Posted: | Nov 15, 2013 |
| Sponsor: | ERCOT |
| Urgent: | No |
| Sections: | 16.11.4.3 |
| Description: | Changes to the Credit Monitoring and Management (CMM) System. 1. Modifies the Real-Time Liability (RTL) calculation to reduce credit exposure to an estimated amount based on calculations defined in paragraph (1) of Protocol Section 7.9.2.1, Payments and Charges for PTP Obligations Settled in Real-Time. 2. Modifies the Outstanding Unpaid Transactions (OUT) calculation to include credit exposure to an estimated amount based on calculations defined in paragraphs (3) and (4) of Protocol Section 4.6.3, Settlement for PTP Obligations Bought in DAM. |
| Reason: | To more closely align calculated credit exposure with Real-Time Market (RTM) Settlement risk and with the intent of existing Protocol language. |
Key Documents
Nov 15, 2013 - doc - 56 KB
Nov 15, 2013 - doc - 60 KB
Dec 20, 2013 - doc - 63 KB
Jan 20, 2014 - doc - 63.5 KB
Jan 30, 2014 - doc - 67 KB
Feb 14, 2014 - doc - 68 KB