NOTICE DATE:  March 25, 2021

NOTICE TYPE:  M-B032521-01 Settlements/Financial/Credit

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

INTENDED AUDIENCE:  Counter-Parties (Settlements, Treasury, Credit, and Accounts Payable personnel)

DAYS AFFECTED:  March 25-26, 2021

LONG DESCRIPTION:  ERCOT has issued miscellaneous invoices that contain the interest accrued on Cash Collateral for the year 2020 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 26, 2021, in the following manner:

• CPs that are due less than $50.00 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 $50.00 or more 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 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 ClientServices@ercot.com.

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