FTR Credit Limit definition

FTR Credit Limit means the amount of credit established with PJMSettlement that an FTR Participant has specifically designated to be used for FTR activity in a specific customer account. Any such credit so set aside shall not be considered available to satisfy any other credit requirement the FTR Participant may have with PJMSettlement.

FTR Credit Limit means the amount of credit established with PJMSettlement that an FTR

FTR Credit Limit means the amount of credit established with PJMSettlement that an FTR Participant has specifically designated to be used for FTR activity in a specific customer account. Any such credit so set aside shall not be considered available to satisfy any other credit requirement the FTR

Examples of FTR Credit Limit in a sentence

• PJMSettlement will establish an FTR Credit Limit for each Participant.

• Participants must maintain their FTR Credit Limit at a level equal to or greater than their FTR Credit Requirement.

• Bids submitted into an auction will be rejected if the Participant’s FTR Credit Requirement including such submitted bids would exceed the Participant’s FTR Credit Limit, or if the Participant fails to establish additional credit as required pursuant to provisions related to portfolio diversification.

• Participants must maintain their FTR Credit Limit at a level equal to or greater than their FTR Credit Requirement for each applicable account.

• Bids submitted into an auction will be rejected if the Market Participant’s FTR Credit Requirement including such submitted bids would exceed the Market Participant’s FTR Credit Limit, or if the Market Participant fails to provide additional credit support or additional Collateral as required pursuant to provisions related to portfolio diversification and mark-to- auction.

• Bids submitted into an auction will be rejected if the Market Participant’s FTR Credit Requirement including such submitted bids would exceed the Market Participant’s FTR Credit Limit, or if the Market Participant fails to provide additional Collateral as required pursuant to provisions related to mark-to-auction.

• FTR Credit Limit will be equal to the amount of credit established with PJMSettlement that a Participant has specifically designated to PJMSettlement to be set aside and used for FTR activity.

• Bids submitted into an auction will be rejected if the Market Participant’s FTR Credit Requirement including such submitted bids would exceed the Market Participant’s FTR Credit Limit, or if the Market Participant fails to establish additional credit as required pursuant to provisions related to portfolio diversification.

• If a submitted set of bids would cause the FTR Credit Limit to be exceeded, the entire submission will be rejected.For a normal flow FTR, exposure is calculated as the Auction Cost minus 90% of Historical Payout on the path.

• If a reduction in such ARR credits at any time increases an FTR Participant’s FTR Credit Requirements beyond its credit available for FTR activity, the FTR Participant must increase its Collateral or the FTR Credit Limit.

More Definitions of FTR Credit Limit

FTR Credit Limit shall be equal to the amount of credit established with PJMSettlement that a Participant has specifically designated to PJMSettlement to be set aside and used for FTR activity. Any such credit so set aside shall not be considered available to satisfy any other credit requirement the Participant may have with PJMSettlement.

FTR Credit Limit meansbe equal to the amount of credit established with PJMSettlement that an FTR Participant has specifically designated to PJMSettlement to be set aside and used for FTR activity in a specific customer account. Any such credit so set aside shall not be considered available to satisfy any other credit requirement the FTR Participant may have with PJMSettlement.