Pursuant to Section VII.B.1 of the ISO New England Financial Assurance Policy for Market Participants the FCM Deposit, associated with qualified non-commercial capacity for FCA 15 (CCP 2024-2025), will be added to your total financial assurance requirements five business days after the issuance of the notification of qualification. If the notification of qualification is released before noon, you can find the amount of this deposit displayed with a future effective date under FCM Requirements on the Obligations Detail tab of the Financial Assurance Management (FAM) system on the same day the notice is issued. If the notification is released after noon, the FCM Deposit will be displayed in FAM on the following business day. Please cover the FCM Deposit financial assurance requirement in addition to your other market obligations by end of business on October 30, 2020 to ensure compliance with the Credit Test (90%, and 100% thresholds) by 8am (Eastern Time) on November 2, 2020. This obligation, which is equal to $2/kW of qualified capacity, is described in Section VII.B.1 of the Financial Assurance Policy.
https://www.iso-ne.com/static-assets/documents/2017/09/sect_i_ex_ia.pdf
If you have questions regarding this message, please contact ISO New England Participant Support and Solutions.