RE: Credit Worthiness - Particiaption Requirements

Can you please add this to the general write-up for each ISO? Thanks

-----Original Message-----
From: Ibrahim, Amr
Sent: Friday, November 09, 2001 8:17 AM
To: Steffes, James D.
Subject: RE: Credit Worthiness - Particiaption Requirements - ISOs

Jim:

Yes we can. The accepted forms of guarantees (financial assurance in PJM parlance) are:

1. cash deposits
2. letter of credit
3. surety bond, or
4. corporate guaranty

Brgrds

AI

-----Original Message-----
From: Steffes, James D.
Sent: Friday, November 09, 2001 8:12 AM
To: Ibrahim, Amr
Subject: RE: Credit Worthiness - Particiaption Requirements - ISOs

Amr --

Can we use cash as collateral for PJM??

Jim

-----Original Message-----
From: Ibrahim, Amr
Sent: Thursday, November 08, 2001 5:40 PM
To: Steffes, James D.; Kingerski, Harry; Ogenyi, Gloria
Cc: Shapiro, Richard
Subject: Credit Worthiness - Particiaption Requirements - ISOs

Kindly find a memorandum summarizing the credit worthiness parameters in the functioning ISOs in the US and Canada that was prepared by the Risk Analytics Group. ERCOT is still outstanding and shall send you an update as soon as it is ready.

The seminal documents-in hard copies-- for this summary are also available at your request.

Please let me know if you have any question.

Brgrds

AI

<< File: ISOs Credit PolicyI.doc <<