Message-ID: <31821852.1075857920858.JavaMail.evans@thyme> Date: Wed, 23 May 2001 02:41:00 -0700 (PDT) From: owner-nyiso_tech_exchange@lists.thebiz.net To: market_relations@nyiso.com, nyiso_tech_exchange@global2000.net Subject: RE: $20,000 DAM adder Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: owner-nyiso_tech_exchange@lists.thebiz.net X-To: "'market_relations@nyiso.com'" , nyiso_tech_exchange@global2000.net X-cc: X-bcc: X-Folder: \Larry_Campbell_Jun2001\Notes Folders\Discussion threads X-Origin: Campbell-L X-FileName: lcampbel.nsf "Depillo, Raymond V." writes to the NYISO_TECH_EXCHANGE Discussion List: Don, There is no question you are right - this can happen. You also know in trading there is no transaction without risk (especially in NY). Do you trust the ISO and their software to effectively implement a whole new settlement? You may also be aware of some of the gaming opportunities that arose when they looked into implementing the BME settlement. The proposed solution seems to eliminate most of the gaming, and yes, shifts more risk over to the market participant. Sometimes we have to take the bad with the fair. The 20k adder didn't fix anything - it only gave DAM transactions a higher priority - if you want that security it is still open to you. All this does is give you the option to have the ISO evaluate your transaction again the real-time . . . like any option, you don't have to exercise it. Good luck, Ray