Working Credit Limit definition

Working Credit Limit means an amount is 75% of the Participant’s Unsecured Credit Allowance and/or 75% of the Collateral provided by the Participant to PJMSettlement. The Working Credit Limit establishes the maximum amount of Total Net Obligation that a Participant may have outstanding at any time. The calculation of Working Credit Limit shall take into account applicable reductions for Minimum Participation Requirements, FTR, or other credit requirement determinants as defined in Tariff, Attachment Q.
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Working Credit Limit means an amount that is 75% of the Participant’s Unsecured Credit Allowance determined by PJMSettlement and/or 75% of the Collateral provided by the Participant to PJMSettlement. A Participant’s Total Net Obligation should not exceed its Working Credit Limit. The calculation of Working Credit Limit shall take into account applicable reductions for Minimum Participation Requirements, FTR participation (for which there is no Unsecured Credit Allowance available), RPM participation, or other credit requirement determinants as defined in Tariff, Attachment Q.
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Working Credit Limit means an amount is 75% of the Market Participant’s Unsecured Credit Allowance and/or 75% of the Financial Security provided by the Market Participant to PJMSettlement. The Working Credit Limit establishes the maximum amount of Total Net Obligation that a Market Participant may have outstanding at any time. The calculation of Working Credit Limit shall take into account applicable reductions for Minimum Participation Requirements, FTR, or other credit requirement determinants as defined in this policyTariff, Attachment Q.
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Examples of Working Credit Limit in a sentence

  • The Working Credit Limit for Virtual Transactions is a component in the calculation of Credit Available for Virtual Transactions.

  • The calculation of Working Credit Limit for Virtual Transactions shall take into account applicable reductions for Minimum Participation Requirements, FTR, or other credit requirement determinants as defined in Tariff, Attachment Q.

  • When the Market Participant provides additional Unsecured Credit Allowance and/or Financial Security in excess of its Peak Market Activity credit requirements, such additional Unsecured Credit Allowance and/or Financial Security shall not be discounted by 25% when calculating the Working Credit Limit for Virtual Transactions.

  • Prior to becoming a Market Participant, Transmission Customer, and/or Member of PJM, PJMSettlement must accept and approve a Credit Application (including Credit Agreement) from such entity and establish a Working Credit Limit with PJMSettlement.

  • The Working Credit Limit for Virtual Transactions shall be calculated as 75% of the Market Participant’s Unsecured Credit Allowance and/or 75% of the Financial Security provided by the Market Participant to PJMSettlement when the Market Participant is at or below its Peak Market Activity credit requirements as specified in section II.D of this Credit Policy.

  • If two or more Participants are Affiliates and each is being granted an Unsecured Credit Allowance and a corresponding Working Credit Limit, PJMSettlement will consider the overall creditworthiness of the Affiliated Participants when determining the Unsecured Credit Allowances and Working Credit Limits in order not to grant more Unsecured Credit than the overall corporation could support.

  • Credit Available for Virtual Bidding is a Participant’s Working Credit Limit, less its Total Net Obligation.

  • PJM will identify any necessary Collateral requirements and establish a Working Credit Limit for each Participant.

  • A Participant’s Total Net Obligation should not exceed its Working Credit Limit.

  • Working Credit Limit amount is 75% of the Participant’s Unsecured Credit Allowance and/or 75% of the Financial Security provided by the Participant to PJMSettlement.


More Definitions of Working Credit Limit

Working Credit Limit means an amount is 75% of the Participant’s Unsecured Credit Allowance and/or 75% of the Collateral provided by the Participant to PJMSettlement. The Working Credit Limit establishes the maximum amount of Total Net Obligation that a Participant may have outstanding at any time. The calculation of Working Credit Limit shall ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ 5/31/2017 ▇▇▇▇ ▇▇▇▇▇▇▇ 6/2/2017 ▇▇▇▇▇ ▇ ▇▇▇▇ 6/1/2017 determinants as defined inTariff, Attachment Q. The “Working Credit Limit for Virtual Transactions” shall be calculated as 75% of the Market Participant’s Unsecured Credit Allowance and/or 75% of the Collateral provided by the Market Participant to PJMSettlement when the Market Participant is at or below its Peak Market Activity credit requirements as specified in Tariff, Attachment Q, section V.A. When the Market Participant provides additional Unsecured Credit Allowance and/or Collateral in excess of its Peak Market Activity credit requirements, such additional Unsecured Credit Allowance and/or Financial Security shall not be discounted by 25% when calculating the Working Credit Limit for Virtual Transactions. The Working Credit Limit for Virtual Transactions is a component in the calculation of Credit Available for Virtual Transactions. The calculation of Working Credit Limit for Virtual Transactions shall take into account applicable reductions for Minimum Participation Requirements, FTR, or other credit requirement determinants as defined in Tariff, Attachment Q.
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Working Credit Limit means an amount that is 75% of the Participant’s Unsecured Credit Allowance and/or 75% of the Collateral provided by the Participant to PJMSettlement. The Working Credit Limit establishes the maximum amount of Total Net Obligation that a Participant may have outstanding at any time. The calculation of Working Credit Limit shall take into account applicable reductions for Minimum Participation Requirements, FTR participation (for which there is no Unsecured Credit Allowance available), or other credit requirement determinants as defined in Tariff, Attachment Q.
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