FAQs
Contract
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FAQ-8:
Does PECO provide Default Suppliers with a daily exposure calculation?
PECO does not provide Default Suppliers with a daily exposure calculation. A Default Supplier will be provided the Total Exposure Amount when a margin call request is made. As detailed in Section 6.5 of the Uniform SMA, “If at any time and from time to time during the term of Transaction(s) under this Agreement, the Total Exposure Amount, rounded by the Rounding Amount, exceeds the DS Supplier’s or the Guarantor’s credit limit by the Minimum Transfer Amount, then the Company on any Business Day, may request that the DS Supplier provide cash or a letter of credit in an acceptable form as defined in Section 6.7(b) of this Agreement (see standard format in Appendix F), in an amount equal to the Margin (less any performance assurance collateral for Margin posted by the DS Supplier and held by the Company pursuant to this Agreement or any other agreement(s) between the Company and the DS Supplier for the provision of DS Supply).”
12/06/2024 in Contract
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FAQ-7:
Is there a sample available of the enforceability opinion of outside counsel that is required under the Alternate Guaranty Process?
A sample enforceability opinion of outside counsel is available upon request.
12/06/2024 in Contract
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FAQ-6:
Is there a sample available of the certification from the Guarantor that is required under the Alternate Guaranty Process?
There is no sample of this certification available.
12/06/2024 in Contract
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