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What is the process for seeking approval of a Letter of Credit or Guaranty that does not follow ISO New Englands template language?

April 26, 2017Approval credit England Follow Guaranty ISO letter process

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What is the process for seeking approval of a Letter of Credit or Guaranty that does not follow ISO New Englands template language?

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Material changes to template language must be brought before the NEPOOL Budget & Finance Subcommittee. There is a $1,000 fee associated with this process. The fee will be billed on the next non-hourly invoice.