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NOTICE DATE:  February 8, 2017
NOTICE TYPE:  W-A020817-01 Settlements/Financial/Credit
SHORT DESCRIPTION:  Notification of Miscellaneous Invoice for Interest Payments on Cash Collateral
INTENDED AUDIENCE:  Settlements, Treasury, Credit and Accounts Payable personnel
DAY AFFECTED:  February 8-9, 2017
LONG DESCRIPTION:  ERCOT has issued miscellaneous invoices that contain the interest accrued on cash collateral for the year 2016 for Counter-Parties (CPs) that had cash collateral posted with ERCOT in accordance with Protocol Section 16.11.3(d), Alternative Means of Satisfying ERCOT Creditworthiness Requirements.
The interest payout will be distributed on February 9, 2017:

  *   CPs that are due less than $50.00 will receive credit to their respective prepay and/or collateral accounts, as disclosed in the CP's Available Credit Limit (ACL) Summary Report, which can be found on the ERCOT Market Information System (MIS).


  *   CPs that are due $50.00 or more will receive a Fed Wire for interest due unless the CP uses its prepay or collateral accounts for all of its ERCOT invoices, in which case the interest will be paid to the CP's respective prepay and/or collateral account.


ERCOT will report interest payments on IRS Form 1099.

Cash collateral is invested in accordance with the ERCOT Investment Corporate Standard as approved by the ERCOT Finance & Audit Committee.
ADDITIONAL INFORMATION:  The Miscellaneous Invoices can be found on the MIS at https://mis.ercot.com/pps/tibco/mis/Pages/Market+Information/Settlements.
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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