NOTICE DATE: March 15, 2023
NOTICE TYPE: M-A031523-01 Settlements/Financial/Credit
SHORT DESCRIPTION: Notification of Miscellaneous Invoices for Interest Payments on Market Cash Collateral
INTENDED AUDIENCE: Counter-Parties
DAYS AFFECTED: March 15-16, 2023
LONG DESCRIPTION: In accordance with Protocol Section 16.11.3(1)(d), Alternative Means of Satisfying ERCOT Creditworthiness Requirements, ERCOT has issued miscellaneous Invoices containing interest accrued on Cash Collateral for the year 2022 for Counter-Parties (CPs) with Cash Collateral posted with ERCOT.
ERCOT will distribute the interest on March 16, 2023, in the following manner:
ERCOT will report interest payments on IRS Form 1099.
ERCOT invests Cash Collateral 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].
If you are receiving email from a public 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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