Examples of Financial Security in a sentence
The Counter-Party is responsible at all times for managing its activity within both its TPEA and its TPES or increasing its Financial Security to avoid reaching its limits.
Required Financial Security in excess of TPE must be in the form of a cash deposit.
Interest is not paid on Cash Collateral balances held by ERCOT where, in accordance with paragraph (4) of Section 16.11.7, Release of Market Participant’s Financial Security Requirement, the Counter-Party’s Standard Form Market Participant Agreement has been terminated and ERCOT has determined that no obligations remain owing or will become due and payable.
Each Counter-Party shall maintain any required Financial Security in a form acceptable to ERCOT in its sole discretion.
ERCOT may reject any bids or offers from the Counter-Party in the DAM until it has increased its Financial Security.