NPRR #597 · Revision Request
NPRR597 Utilize Initial Estimated Liability (IEL) Only During Initial Market Activity
ReasonAs expressed in EAL, IEL may be used to determine collateral over an indefinite time. Since IEL is intended to serve as an estimate of market activity before trading records are available, it should not continue to be used after that time.
Created2014-03-18
Approved2014-06-10
Sections Affected
16.11.4.3
Summary
This Nodal Protocol Revision Request (NPRR) clarifies that the Initial Estimated Liability (IEL) component of the Estimated Aggregate Liability (EAL) calculation is to be used only during the first 40 days of a Counter-Party’s activity in ERCOT markets.
Action Log 4 milestones
-
Mar 18
PRSRecommended for Approval→ PRS for IA review.
-
Apr 10
PRSRecommended for Approval→ TAC for consideration
-
Apr 24
TACRecommended for Approval→ Board for consideration
-
Jun 10
BOARDApproved
Documents 7
| Name | Type | Posted | Classification |
|---|---|---|---|
| 597NPRR-01 Utilize Initial Estimated Liability (IEL) Only During | doc | Feb 6 '14 | Revision Request |
| 597NPRR-02 Impact Analysis 020214 | doc | Feb 6 '14 | Staff Report |
| 597NPRR-03 PRS Report 031814 | doc | Mar 21 '14 | Committee Report |
| 597NPRR-04 PRS Report 041014 | doc | Apr 15 '14 | Committee Report |
| 597NPRR-05 CWG Comments 041514 | doc | Apr 15 '14 | Revision Request Comments |
| 597NPRR-06 TAC Report 042414 | doc | Apr 29 '14 | Committee Report |
| 597NPRR-07 Board Report 061014 | doc | Jun 10 '14 | Committee Report |
Meetings That Took It Up 4
| Date | Meeting | Committee | Status |
|---|---|---|---|
| Jun 10 '14 | Board of Directors Meeting | BOARD | Concluded |
| Apr 24 '14 | TAC Meeting | TAC | Concluded |
| Apr 10 '14 | PRS Meeting | PRS | Concluded |
| Mar 18 '14 | PRS Meeting | PRS | Concluded |