NOTICE DATE:  March 10, 2022

NOTICE TYPE:  M-B031022-01 Settlements/Financial/Credit

SHORT DESCRIPTION:  Notification of Miscellaneous Invoices for Interest Payments on Cash Collateral

INTENDED AUDIENCE:  Counter-Parties

DAYS AFFECTED:  March 10-11, 2022

LONG DESCRIPTION:  ERCOT has issued miscellaneous Invoices that contain the interest accrued on Cash Collateral for the year 2021 for Counter-Parties (CPs) that had Cash Collateral posted with ERCOT in accordance with Protocol Section 16.11.3(1)(d), Alternative Means of Satisfying ERCOT Creditworthiness Requirements.

The interest payout will be distributed on March 11, 2022, in the following manner:

• CPs that are due $50.00 or less will receive credit to their Cash 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); and
• CPs that are due more than $50 will receive a Fed-Wire for interest due unless the CP uses its Cash Collateral accounts for all of its ERCOT invoices, in which case the interest will be paid to the CP’s Cash Collateral account.

ERCOT will report interest payments on IRS Form 1099.

Cash Collateral is invested in accordance with the ERCOT Investment Corporate Standard.

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].

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