W&S-199: The Contract Insert (#P2-5) asks “Is the Seller relying on the financial standing of a Guarantor?” I would like to confirm that this is asking if Seller intends to rely on a Guaranty and that we should answer “no” if we intend to post a Letter of Credit to meet the Collateral Requirement.

This question in the Contract Insert strictly is asking whether the Seller intends to rely on a Guaranty. You should say “no” if you intend to meet the Collateral Requirement under the REC Contract with a letter of credit or cash.