NPRR021  Reduce Timeline for Notice and Cure and Create a Working Credit Limit

Reduces time to post collateral from two Bank Business Days to one (exception: Municipalities, Electric Cooperatives, or an Entity created under Texas Water Code (TWC) §222.001, may continue to take two Bank Business Days to post collateral agreements). Creates a working credit limit which allows an entity to utilize up to 85% of posted collateral + unsecured credit limit (rather than 100%). Reduces time to cure a payment breach under QSE, LSE and TCR.