To grant Urgent status to NPRR554 and recommend approval of NPRR554 as submitted.
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record, please consult the Recommendation or Action Report, or the official vote tally if
available, as posted in the key documents.
Jul 3, 2013
This Nodal Protocol Revision Request (NPRR) clarifies certain language in Section 184.108.40.206, Determination of the Counter-Party Future Credit Exposure, that was introduced by NPRR484. In particular, this NPRR proposes (1) revisions to the Future Credit Exposure (FCE) calculation to explicitly recognize deferred Invoice-related exposure separate from mark-to-market exposure; (2) modification of certain variables and subscripts that would otherwise appear to require calculation of certain portfolio-level values based on path-specific inputs; and (3) various administrative revisions. These changes are intended to be consistent with, and in furtherance of, the purposes of NPRR 484.
To ensure that FCE calculations are performed in accordance with the original intent of NPRR484.