Virtual Credit Exposure definition

Virtual Credit Exposure means the amount of potential credit exposure created by a market participant’s bid submitted into the Day-ahead market, as defined in Tariff, Attachment Q.
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Virtual Credit Exposure means the amount of potential credit exposure created by x
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Virtual Credit Exposure meansbe the amount of potential credit exposure created by a market participant’s bid submitted into the Day-ahead market, as defined in Tariff, Attachment Q.
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Examples of Virtual Credit Exposure in a sentence

  • The credit screen process will automatically reject Virtual Transactions submitted by the Market Participant in a customer account if the Market Participant’s Credit Available for Virtual Transactions, allocated on a customer account basis, is exceeded by the Virtual Credit Exposure that is calculated based on the Market Participant’s Virtual Transactions submitted, as described below.

  • The process will automatically reject all virtual bids and offers submitted by the PJM market participant if the participant’s Credit Available for Virtual Bidding is exceeded by the Virtual Credit Exposure that is calculated based on the participant’s submitted bids and offers as described below.

  • The credit screen process will automatically reject virtual bids and offers submitted by the PJM market participant if the participant’s Credit Available for Virtual Bidding is exceeded by the Virtual Credit Exposure that is calculated based on the participant’s submitted bids and offers as described below.

  • The credit screen process will automatically reject Virtual Transactions submitted by the PJM market participant if the participant’s Credit Available for Virtual Transactions is exceeded by the Virtual Credit Exposure that is calculated based on the participant’s submitted Virtual Transactions as described below.

  • The credit screen process will automatically reject Virtual Transactions submitted by the Market Participant in a customer account if the MarketParticipant’s Credit Available for Virtual Transactions, allocated on a customer account basis, is exceeded by the Virtual Credit Exposure that is calculated based on the Market Participant’s Virtual Transactions submitted, as described below.

  • The process will automatically reject all virtual bids and offers submitted by the PJM market participant if the participant’s Credit Available for Virtual Bidding is exceeded by the Virtual Credit Exposure that iscalculated based on the participant’s submitted bids and offers as described below.

  • Additionally, with the proposed revisions, PJM intends to clarify that if a Market Participant’s virtual bids are rejected as a result of the credit screen process, it will be notified, and may alter its virtual bids and offers before the deadline for such bids and offers so that its Virtual Credit Exposure does not exceed its Credit Available for Virtual Bidding, and may resubmit them.

  • Virtual Credit Exposure is the amount of potential credit exposure created by a market participant’s bid submitted into the Day-ahead market, as defined in this policy.

  • If one or more group of bids is submitted and accepted, and a subsequent group of submitted bids causes the total submitted bids to exceed the Virtual Credit Exposure, then only that subsequent set of bids will be rejected.

  • The credit screen process will automatically reject all virtual bids and offers submitted by the PJM market participant if the participant’s Credit Available for Virtual Bidding is exceeded by the Virtual Credit Exposure that is calculated based on the participant’s submitted bids and offers as described below.