NOTICE DATE:  March 21, 2011
NOTICE TYPE:  W-A032111-01 Financial/Credit
SHORT DESCRIPTION:  Interest payments on cash collateral
INTENDED AUDIENCE:  Treasury or Accounts Payable personnel
DAY AFFECTED:  March 23, 2011
LONG DESCRIPTION:  Counter-Parties (CPs), Congestion Revenue Right Account Holders (CRRAHs), Qualified Scheduling Entities (QSEs) and Transmission Congestion Right (TCR) Owners who had cash collateral posted with ERCOT (in accordance with Section 16.11.3 (d)) in 2010 will receive a Fed Wire on March 23, 2011, from ERCOT for any unpaid interest accrued on their cash collateral through December 31, 2010.
ERCOT will send interest payments based on the amounts reported on the IRS Form 1099. The interest payment on March 23, 2011, will be reduced by any interest paid prior to December 31, 2010.
Going forward, ERCOT plans to pay interest on cash collateral on a semi-annual basis (approximately August and February). However, if the total amount of interest held by ERCOT mid-year is less than $50,000, ERCOT plans to forego the mid-year payment in that year and pay interest only after the end of the year.

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:



To unsubscribe from the NOTICE_SETTLEMENTS list:
write to: mailto:[log in to unmask]
or click the following link: