NOTICE DATE:  February 19, 2014
NOTICE TYPE:  M-A021914-01 Financial/Credit
SHORT DESCRIPTION:  Interest payments on cash collateral
INTENDED AUDIENCE:  Treasury or Accounts Payable personnel
DAY AFFECTED:  February 20, 2014

LONG DESCRIPTION:  On February 20, 2014, Counter-Parties (CPs) who had cash collateral posted with ERCOT (in accordance with Section 16.11.3 (d), Alternative Means of Satisfying ERCOT Creditworthiness Requirements) in 2013 will be paid interest accrued on their cash collateral through December 31, 2013.



*         Counter-Parties that are due less than $50.00 will receive credit in their prepay account, which will be disclosed on their Available Credit Limit (ACL) Summary Report posted on the MIS.



*         Counter-parties that are due $50.00 or more will receive a Fed Wire for interest due.

Interest payments made will be reported on IRS Form 1099.

Cash collateral is invested in accordance with the ERCOT Investment Corporate Standard as approved by the ERCOT Finance & Audit Committee.

CONTACT:  If you have any questions, please contact your ERCOT Account Manager. You may also call the general ERCOT Client Services phone number at (512) 248-3900 or contact ERCOT Client Services via email at [log in to unmask]<mailto:[log in to unmask]>.
If you are receiving email from an ERCOT distribution list that you no longer wish to receive, please follow this link in order to unsubscribe from this list: http://lists.ercot.com.



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