No response submitted.
1. BPA understands the challenges with calculating the settlements due to the timing of the pricing index data. We are still concerned with the latency impacting credit limit risk for entities due to the potential high cost of the WRAP transactions. Without a way to settle the transactions earlier it could prevent the ability to transact with the CP for a period of time until the credit is paid down.
2. Can WPP identify a way for indicating the 10 business day clock has started? Will there be status updates provided somewhere that we could check the progress of WPP receiving all the necessary inputs? As noted concerning credit risk for delays, BPA is concered there are not ramifications if the 10 business days are not met. Can WPP hold itself accountable here?
3. This paragraph speaks to "accopanying details". BPA notes that the index pricing data is possibly not public information if you have to pay for a subscription to obtain it from those companies. It may good to clarify what is meant by "accompanying."
To facilitate existing monthly accounting practices, SRP requests that monthly settlement prices and accompanying details will be calculated and posted no later than four (4) business days following the Program Administrator’s receipt of all the required input data. A four (4) business day timeline has the potential to accommodate widespread accounting practices of all participants.