EFTR User Guide

User Guide for Financial Transmission
Rights Using eFTR
Reference Section
Document Version:
1.4
Software Release Date:
July 2002
Posting Date:
March 24, 2005
ISO New England Inc. 2001, 2002, 2003
Copyright Notice
Copyright 2002 ALSTOM ESCA Corporation. All Rights Reserved.
DO NOT COPY, STORE IN A RETRIEVAL SYSTEM, TRANSMIT OR DISCLOSE TO
ANY THIRD PARTY WITHOUT THE PRIOR WRITTEN PERMISSION FROM AN
OFFICER OF ALSTOM ESCA CORPORATION.
Copyright ISO New England Inc. 2001, 2002
_______________________________________________________________________
Trademarks
ESCA and HABITAT are registered trademarks of ALSTOM ESCA Corporation. The
e-terra family of products and services are trademarks and/or service marks of ALSTOM
ESCA Corporation.
Other product and company names in these materials may be trademarks or registered
trademarks of other companies, and are the property of their respective owners. They are
used only for explanation and to the respective owners benefit, without intent to infringe.
For information about technical support and other ALSTOM ESCA Corporation customer
support services, see http://www.esca.com.
Contents
1. Web Application Access ................................................................................ 1
2. eFTR Web Pages ............................................................................................ 3
Public and Private Web Pages ..................................................................... 3
Common Features......................................................................................... 4
General Web Page Overview .................................................................... 5
Reviewing Error Messages ........................................................................ 8
eFTR Navigation............................................................................................ 9
SideLine Links Navigation Menus.............................................................. 9
Public Menu Pages ..................................................................................... 10
Clearing Prices by Path ........................................................................... 11
Clearing Prices by Portfolio...................................................................... 12
Auction Results........................................................................................ 13
All FTRs ................................................................................................... 14
Constraints............................................................................................... 15
File Transfer............................................................................................. 16
User Registration ..................................................................................... 17
Private Menu Pages .................................................................................... 18
Quote Summary....................................................................................... 19
Auction Results........................................................................................ 20
Secondary Trading Center....................................................................... 21
Portfolio Manager .................................................................................... 22
FTR Main ................................................................................................. 23
File Transfer............................................................................................. 24
Appendix A. Action Status Bar Messages...................................................... 25
Appendix B. User Interface Error Messages .................................................. 27
Appendix C. File Upload Error Messages ...................................................... 29
Appendix D. Status Light Indicators............................................................... 31
Proprietary Information of ALSTOM ESCA Corporation See Copyright Page

ISO New England Inc. 2001, 2002,2003
User Guide for Financial Transmission Rights Using eFTR
Figures
Figure 1. Web Page Areas ................................................................................... 5
Figure 2. An Error Message in eFTR.................................................................... 8
Figure 3. SideLine Navigation Panel .................................................................... 9
Figure 4. Public Menu ........................................................................................ 10
Figure 5. Clearing Prices by Path Web Page ..................................................... 11
Figure 6. Clearing Prices by Portfolio Web Page ............................................... 12
Figure 7. Auction Results Web Page.................................................................. 13
Figure 8. All FTRs Web Page............................................................................. 14
Figure 9. Constraints Web Page ........................................................................ 15
Figure 10. File Transfer Web Page .................................................................... 16
Figure 11. User Registration Link ....................................................................... 17
Figure 12. Private Menu ..................................................................................... 18
Figure 13. Quote Summary Web Page .............................................................. 19
Figure 14. Auction Results Web Page................................................................ 20
Figure 15. Secondary Trading Center Web Page .............................................. 21
Figure 16. Portfolio Manager Web Page ............................................................ 22
Figure 17. FTR Main Web Page......................................................................... 23
Figure 18. File Transfer Web Page .................................................................... 24
Tables
Table 1. Action Status Bar Message Description ............................................... 25
Table 2. Error Messages in the eFTR Status Bar............................................... 27
Table 3. File Upload Error Messages in eFTR ................................................... 29
Table 4. Status Light Buttons in eFTR................................................................ 31
vi

Preface
Purpose
This User Guide will serve as the reference document for the specific purpose of
transacting business associated with Financial Transmission Rights within the
ISO New England (ISO) marketplace using the eFTR application. This document
introduces the functionality and the structure of the application and is one of two
distinct documents. Both an eFTR Reference document and Task document make
up the complete User Guide. The Reference document explains the general
concepts for using the application. The Tasks document goes into greater detail
for specific tasks. In most instances, web page screen captures have been used to
illustrate the explanations. The eFTR application is mapped to the SMD Market
database.
Assumptions
An assumption has been made that the reader is familiar with using web-based
applications and web-browser navigation. The market system user should have a
good understanding of ISO Market Rules, Manuals, and other governing
documents in order to properly use the eFTR application to complete desired
business transactions.
Change Summary
Revision
Draft
Transmittal #
None
Date
02/2002
1.0
None
07/2002
1.1
None
07/2002
1.2
None
02/06/03
1.3
None
02/02/05
1.4
None
02/17/05

Comments
Original
[wll]
Incorporated
revisions from GHL
and LG. [wll]
Updated the
screenshot using
ISO NE 5-bus
model. [LG]
Updated screen
shots for SMD
Implementation
[GHL]
Edited for RTO
terms
Updated for
negative bidding
vii
1. Web Application Access

The eFTR application is accessed through Internet facilities with the following
web browser:
Internet Explorer 5.5 or greater supporting SSL 3.0 secured 128-bit

encryption
Additional software and hardware requirements for accessing the ISO

SMD marketplace are listed on the ISOweb page at:
http://www.iso-ne.com
Users need to register with the Customer Service Department within ISO in
order to submit and view private information in the eFTR application for the
intention and purpose of taking part in the ISO SMD Marketplace.
Registration for Financial Transmission Rights bidders/holders and market
system users can be done by going to the registration area of the ISO web page at:
http://www.iso-ne.com/ISO_Customer_Services/
Once registered, FTR bidders/holders and market system users will be provided
with the link to access the SMD home page, which will then allow direct access to
SMD software applications.
Access to the SMD Sandbox will also be restricted to registered market system
users and registered FTR bidders/holders. Questions or inquires about market
access should be addressed to the CustomerService Department at ISO.

2. eFTR Web Pages

Each web page that makes up the eFTR application is mapped to the underlying
SMD database. Web pages, along with shared functionality and page-specific
functionality for the eFTR application are described in this chapter.
Public and Private Web Pages

Public web pages allow for unregistered access of the application. Registered
access is required for the private web pages.
Public web pages
Clearing Prices by Path
Clearing Prices by Portfolio
Auction Results
All FTRs
Constraints
File Transfer
Private web pages
Quote Summary
Auction Results
Secondary Trading Center
Portfolio Manager
FTR Main
File Transfer

User Guide for Financial Transmission Rights using eFTR
Common Features
Many functional features are shared by the eFTR application on numerous web
pages. For example, action buttons allow you to:
Create new rows of data.
Update rows. You can update a single row or multiple rows of data at once on
an eFTR web page.
Delete rows.
Refresh the data displayed after updating the data block. New data in the
data block are lost if you select the Refresh button before selecting the Update
button.
The status bar displays the progress of actions. See Appendix A. for a list of
status messages. The status bar also displays error messages. See Appendix B.
for a list of status bar error messages and Appendix C. for a list of file upload
error messages.
In addition, green, yellow, and red status lights (buttons) indicate the status of
your actions when creating, updating, or deleting rows of data. See Appendix D.
for further information about the status light indicators.

eFTR Web Pages
General Web Page Overview

Navigation Menu and Data Block
Data used in the ISO eFTR application are presented in data blocks on each of the
web pages. The following figure provides an example of the navigation menu and
its associated data block:
Figure 1. Web Page Areas
SMD Training Team

Descriptions
a. Top Left Frame/Site Navigation: Menus and Page Access Titles

The left pane of the page consistently provides access to menus, pages, and
dynamic data list blocks.
b. Page Access Command Button The left pane of the page consistently
provides access to the Public and Private command buttons. With these
buttons, you can access the appropriate menus, pages, and dynamic data list
blocks containing public or private data.
c. Menu Options Within the left pane, called the SideLine Navigation pane,
are the menu options for public data when the Public button is selected, and
the menu options for private data when the Private button is selected.
d. Data Window Title The data window title displays the context according
to your menu selection.
e. Data Block Title The data block title reflects the type of information that
is presented in the data block, which may be different from the window title.
Note that more than one data block may be present on a page. The data
displayed is determined by selections made from the data list boxes. See (h).
f. Current Record Data Block Current-record data is that which is
displayed in table format in the main body of the web page. Fields that
cannot be modified are indicated by static text.
g. Minimize/Maximize Window The minimize/maximize button
collapses or expands the current-record window.
h. Context-Specific Data List Boxes Different list boxes display
dynamically according to context and the web page selected. You can use the
list boxes to further refine the content displayed in the data block.
i. Status Lights Status lights in green, yellow, or red display the status of
your actions when you are viewing or modifying a data record.
j. Current Record Dynamic Data Fields that can be modified are
indicated by the appearance of a drop-down menu, a radio button or
checkbox, or a text box.
k. Action Buttons A data block can present any or all of the following
buttons, depending on the data block:
New. Use this button to add a new row of data to a data
block. The data in the new row are not updated in the
database until you select the Update button.
Update. Use this button after you modify a data block and
wish to send your data to the database. If you navigate to

eFTR Web Pages
another web page before updating, your changes and/or

additions are lost.
Delete. Use this button to delete a row of data in the
database. Only the highlighted row in the data block is
deleted from the database.
Refresh. Use this button to retrieve the most recent data
from the database.
Important: New data in the data block are lost if you
select the Refresh button before selecting the Update
button.
l. Status Bar The Status Bar has two parts:
Row Status Bar The left side of the Status Bar. It presents the status of
a row of data relative to the database.
Action Status Bar The right side of the Status Bar. It presents the status
of the most recent action. (See Appendix A. for possible states of the
action status bar.)

Reviewing Error Messages

If an update is unsuccessful, a status light turns red and an error may be
displayed in the status bar, as shown below. See Appendix D. for a description of
the status light indicators.
2
SMD Training Team
Figure 2. An Error Message in eFTR
To view an error message:

a. Click the red status indicator.
b. Review the error message displayed.
c. Note the conditional text that displays in the status message.
Appendix B. summarizes some common error messages that may appear in the
eFTR status bar along with their causes.
An error message in eFTR can also occur when attempting to upload private data
files. The file upload status shows Errors Present. Clicking Errors Present
provides a link to a file with a detailed report of errors encountered in the file.
Appendix C. summarizes the common error messages and their causes when
uploading data. If an uploaded file contains errors, all quotes contained in the
file are rejected. The market participant must correct the quote file and resubmit
the file to ISO.

eFTR Web Pages
eFTR Navigation
The pane located at the left of the web page containing the SideLine Navigation
panel is the main method for navigating the eFTR application web pages.
a
Figure 3. SideLine Navigation Panel
SideLine Links Navigation Menus

The SideLine Navigation panel provides links to each of the eFTR application web
pages. There are two different SideLine Navigation menus:
a. Public for use by non-registered users
b. Private for use by registered eligible FTR bidders/FTR holders
To participate in the FTR Market, registration as an FTR Customer is required.
(Note that this registration is separate from the Market System user registration.)
Data blocks for each menu are described in the following sections.

Public Menu Pages

The Public menu selections enable unregistered access to general information
that pertains to the ISO FTR market. Accessing each Public Menu item is
described in the corresponding tasks document.
Figure 4. Public Menu
In addition to eFTRs public menu pages, ISO generates Special Messages that
cover all aspects of ISO New Englands operations. Messages are posted any time
of the day or night as a means of alerting customers to the status of New
Englands Control Area operations and other news. Special Messages can be
viewed by going to this location of the ISO web page: http://www.iso-ne.com/
ISO_Customer_Services/special_notice.php
10

eFTR Web Pages
Clearing Prices by Path

The public Clearing Prices by Path web page permits you to view the
FTR Auction clearing price for the selected path by auction and Class (On-peak or
Off-peak). You can also view clearing prices for past auctions.
2
SMD Training Team
Figure 5. Clearing Prices by Path Web Page

11
Clearing Prices by Portfolio

The public Clearing Prices by Portfolio web page allows you to view the FTR
Auction clearing price of On-peak or Off-peak Class types by portfolio. Similar to
the Clearing Prices by Path web page, you can also view clearing prices for past
auctions.
2
SMD Training Team
Figure 6. Clearing Prices by Portfolio Web Page
12

eFTR Web Pages
Auction Results
The public Auction Results web page allows you to view the winning quotes for
the paths in the market and portfolio that you select. You can view auction
clearing prices and other auction results information. (The eFTR user interface
uses the terms Market and Auction interchangeably.) This may include the
owner of the winning quotes, the Class, whether the quote was a bid to buy or an
offer to sell an FTR, the MW amount, and the MW value of each awarded FTR.
2
SMD Training Team
Figure 7. Auction Results Web Page

13
All FTRs
From the All FTRs web page on the Public menu, you can quickly receive an
overview of all existing FTRs. FTRs are displayed by portfolio and path for a
specific month and year. The data block displays the owner of the FTR, start date
and end date of the FTR, Class (On-peak or Off-peak), and the MW amount.
2
SMD Training Team
Figure 8. All FTRs Web Page
14

eFTR Web Pages
Constraints
From the public Constraints web page, you can view transmission constraints for
an auction. The web page presents the monitored facility, as well as the
contingency.
2
S M D T r a in in g T e a m
Figure 9. Constraints Web Page

15
File Transfer
The public File Transfer web page lists FTR reports that are available for
download in comma separated value (CSV) file format. Public auction results,
clearing prices, and binding constraints are available for each market. A report of
all FTRs by month is also available for download.
2
SMD Training Team
Figure 10. File Transfer Web Page
16

eFTR Web Pages
User Registration
While viewing the Public site, a user registration link displays as the last option in
the SideLine Links navigation menu.
Figure 11. User Registration Link
Prior to accessing private web pages, a user must be an eligible FTR bidder/FTR
holder. This means the user has registered with ISO. Clicking the User
Registration button will link to the ISO New England Customer Service web page.
Instructions on the web page will assist you with completing and submitting the
eligible FTR bidder/FTR holder registration form.

17
Private Menu Pages

The Private menu selections enable registered FTR bidders/holders access to
their private FTR data. Each web page is described and presented in the
following subsections.
Figure 12. Private Menu
18

eFTR Web Pages
Quote Summary
From the Private menu, the Quote Summary web page allows you to perform
several tasks related to managing FTRs which includes viewing open quotes,
creating auction quotes, updating open quotes, and deleting open quotes.
2
SMD Training Team
Figure 13. Quote Summary Web Page

19
Auction Results
The private Auction Results web page allows you to view your private results
filtered by Market, Portfolio, and related Source and Sink. Information displayed
includes the Source and Sink, Class (On-peak or Off-peak), whether the FTR was
posted to buy or sell, the MW amount of the quote, the price per MW, the MW
amount that cleared, and price per MW that cleared.
2
SMD Training Team
Figure 14. Auction Results Web Page
20

eFTR Web Pages
Secondary Trading Center

The Secondary Trading Center web page on the Private menu is where you can
participate in the Secondary Market. You can view the status of secondary trades,
buy or sell FTRs, accept a secondary trade, and confirm or reject trades. Note
that four separate data blocks appear on this page.
Status of Secondary Trades shows the status of a secondary trade from

the time it is posted to the time it is confirmed
Posted Secondary Trades displays all trades you have posted
Available Secondary Trades displays all trades posted by other market

participants that are available
Accepted Secondary Trades displays all trades posted by you and

accepted by other market participants
The data displayed in each of the data blocks named above are filtered by the
Year and Month selected.
2
SMD Training Team
Figure 15. Secondary Trading Center Web Page

21

Portfolio Manager
The private Portfolio Manager web page helps you to view existing portfolios,
define new portfolios, update portfolios, and delete portfolios.
2
SMD Training Team
Figure 16. Portfolio Manager Web Page
22

eFTR Web Pages
FTR Main
The FTR Main web page on the Private menu presents existing FTRs for the
transmission paths in the currently selected portfolio. The FTR Main web page is
where you can view clearing prices by transmission path, and view, create,
update, or delete open quotes by path.
2
SMD Training Team
Figure 17. FTR Main Web Page

23
File Transfer
The private File Transfer web page shows files available for download and the
status of files being uploaded. You may upload or download private files from
this web page.
2
SMD Training Team
Figure 18. File Transfer Web Page
24

Appendix A. Action Status Bar Messages

Table 1. Action Status Bar Message Description
If the action status bar message is
Then
Ready
The data in the highlighted row is

stored in the database.
All updated data is being sent to the
database. (This state occurs after
selecting the Update button.)
The new row in the data block or the
existing data have been successfully
modified and stored in the database.
The data block is being refreshed
with the data from the database.
(This state occurs after selecting the
Refresh button.)
The data has been successfully
retrieved from the database.
A row is being deleted from the
database. (This state occurs after
selecting the Delete button.)
Sending data to database
Update complete
Reloading data from database
Refresh complete
Deleting data from database

25
Appendix B. User Interface Error Messages

Table 2. Error Messages in the eFTR Status Bar
Error Message
Reason
ORA20000: dd-mm-yyyy requested

sale exceeds owned by XX MW for FTR
You have attempted to sell more MW

than you own.
ORA20000: FTR Source to Sink the

FTR market is not open until dd-monyyyy hh-mm-ss
You attempted to enter a quote for a

market that is not open.
ORA-01403: no data found
You did not fill in the required fields

in the data block.
ORA-00988: missing or invalid

password(s)
You supplied no password, or you

entered the wrong password.
A Sink node must be specified
You left the Sink node column blank.
A Source node must be specified
You left the Source node column

blank.
A portfolio name must be specified
You left the portfolio column blank.
ORA-20000: Source is not a valid

bidding NODE
You left the Source node column blank

or you supplied an invalid node.
ORA-20000: Invalid Source PNode

<node>: ORA-01403: no data found
You failed to select a path before

copying to the table.
Old Trade Date : <date> Not Allowed
You entered an old date and that

feature is not enabled.
ORA-20000: FTR <Source> to <Sink>

You entered an ending date that was
The FTR starting day must be equal to or before the starting date.
before the ending day
ORA-20000: FTR <Source> to <Sink>
The FTR market is closed as of <date>
<time>
You have selected a market that is

closed.

27
User Guide for Financial Transmission Rights Using eFTR
Error Message
Reason
You are not authorized to delete. Read

Only.
You tried to delete a line but have

read-only privileges.
You are not authorized to modify data.

Read Only.
You tried to update a table but have

You are not authorized to accept. Read

Only.
You tried to accept a trade but have

You are not authorized to confirm. Read You tried to confirm a trade but have
Only.
28

Appendix C. File Upload Error Messages

Table 3. File Upload Error Messages in eFTR
Error Message
Reason
No error message is displayed and

nothing is processed
You are not using a comma separated

value (CSV) file.
Invalid line: (K, ,,)
You included invalid lines in the file.
ORA-20000: Source is not a valid

bidding NODE
The Source/Sink node effective date

you entered is after the market start
date.
Start (YYYY/MM/DD) and End
The start/stop date you entered does
(YYYY/MM/DD) dates do not match any not match any existing market.
available markets
Ending Day (299810/30) must be of the
date format YYYY/MM/DD
The start/stop date you entered is not

in the correct format.
Bad Participant: <name> and should be

for <name>
You entered an incorrect participant

name (must be for current
participant).
ORA-20000: Invalid Class Type X
You entered an incorrect class type.
ORA20000: dd-mm-yyyy requested

sale exceeds owned by XX MW for
<name>
You have attempted to sell MW that

you do not own.
Bad Sale: (SE) - Must be BUY or SELL
You used values other than Buy/Sell.
ORA-20000: Invalid source Pnode

<name> XXX X : ORA-01403: no data
found
ORA-20000: Invalid sink PNode
<name> XX X: ORA-01403: no data
found
ORA-06502: PL/SQL: numeric or value
error: character to number conversion
error
The Source you used is not available.
The Sink you used is not available.
You used a string rather than a

numeric value for the MW column or
the price column.

29
Appendix D. Status Light Indicators

Table 4. Status Light Buttons in eFTR
Status-Button
Color
Row Status
Data Status
Green
Ready
Same as the data in the

database.
Green
Stored in the database.
Yellow
Row update successfully

saved
You created this row
Yellow
You have modified this row
Red
Oracle error explanation

Not included in the database.

You should make sure you
update the database.
If you leave this data block
without updating the database,
changes are not saved to the
database.
Not included in the database; a
field in the row has been
modified, but not sent to the
database.
without updating the database,
database.
Not included in the database.
An error occurred when
updating the database. Click
the status light to review the
Oracle error explanation.
without correcting the data
and then update the database,
database.
31
User Guide for Financial Transmission

Rights Using eFTR
Tasks Section
Document Version:
1.4
Software Release Date:
July 2002
Posting Date:
March 24, 2004
Copyright Notice
Copyright 2002 ALSTOM ESCA Corporation. All Rights Reserved.
DO NOT COPY, STORE IN A RETRIEVAL SYSTEM, TRANSMIT OR DISCLOSE TO
ANY THIRD PARTY WITHOUT THE PRIOR WRITTEN PERMISSION FROM AN
OFFICER OF ALSTOM ESCA CORPORATION.
Copyright ISO New England Inc. 2001, 2002
_______________________________________________________________________
Trademarks
ESCA and HABITAT are registered trademarks of ALSTOM ESCA Corporation. The
e-terra family of products and services are trademarks and/or service marks of ALSTOM
ESCA Corporation.
Other product and company names in these materials may be trademarks or registered
trademarks of other companies, and are the property of their respective owners. They are
used only for explanation and to the respective owners benefit, without intent to infringe.
For information about technical support and other ALSTOM ESCA Corporation customer
support services, see http://www.esca.com.
Contents
1. Web Application Access ................................................................................ 1
2. Business Rules and Timeline ........................................................................ 3
3. Using the Public Menu ................................................................................... 5
Viewing Clearing Prices by Path.................................................................. 5
What Web Page Do I Use?........................................................................ 5
Viewing Clearing Prices by Portfolio........................................................... 7
Viewing Auction Results .............................................................................. 9
Viewing All Existing FTRs .......................................................................... 11
What Web Page Do I Use?...................................................................... 11
Viewing Constraints.................................................................................... 13
Downloading Public Files........................................................................... 15
4. Using the Private Menu ................................................................................ 17
Viewing Clearing Price History .................................................................. 17
Viewing Private Auction Results ............................................................... 19
Defining New Portfolios.............................................................................. 21
Viewing Existing Portfolios ........................................................................ 23
Updating Portfolio Paths ............................................................................ 25
Adding Portfolio Paths ............................................................................... 28
Deleting Portfolios ...................................................................................... 30
Creating Auction Quotes ............................................................................ 32
Viewing Open Quotes by Path ................................................................... 34
Viewing Open Quotes by Portfolio ............................................................ 36
Updating Open Quotes by Path ................................................................. 38
Updating Open Quotes by Portfolio .......................................................... 40
Deleting Open Quotes by Path................................................................... 42
Deleting Open Quotes by Portfolio............................................................ 44
Viewing the Status of Secondary Trades .................................................. 46
iii
What Web Page Do I Use? ..................................................................... 47

Posting FTRs for Sale on the Secondary Market ..................................... 49
Accepting a Trade on the Secondary Market ........................................... 52
Confirming or Rejecting Trades on the Secondary Market ..................... 54
Offering to Buy FTRs on the Secondary Market ...................................... 57
Uploading Private Files .............................................................................. 59
Downloading Private Files ......................................................................... 63
Tables
Table 1. CSV File Format................................................................................... 60
Table 2. Reports Available for Download ........................................................... 65
iv

Preface
Purpose
This User Guide will serve as a reference document for the specific purpose of
transacting business associated with Financial Transmission Rights within the
ISO New England (ISO) marketplace using the eFTR application. The eFTR User
Guide is divided into two distinct documents: the Reference document and the
Task document. The former explains the general concepts for using the
application while this Tasks document goes into greater detail for specific tasks
associated with doing FTR business. In most instances, web page screen captures
have been used to illustrate the explanations. The eFTR application is mapped to
the SMD Market database.
Assumptions
An assumption has been made that the reader is familiar with using web-based
applications and web-browser navigation. The market system user should have a
good understanding of ISO Market Rules, Manuals, and other governing
documents to properly use the eFTR application to complete desired business
transactions.
Change Summary
Revision
Draft
Transmittal #
None
Date
02/2002
1.0
None
07/2002
1.1
None
07/2002
1.2
None
2/2003
1.3
None
02/03/2005
1.4
None
02/17/05

Comments
Original
[wll]
Incorporated
revisions from GHL
and LG. [wll]
Updated the
screenshot using
ISO NE 5-bus
model. [LG]
Updated screen
shots for SMD
Implementation
[ghl]
Edited for RTO
terms. [ghl]
Updated for
negative bidding.
1. Web Application Access

The eFTR application is accessed through Internet facilities with the following
web browser:
Internet Explorer 5.5 or greater supporting SSL 3.0 secured 128-bit

encryption
Additional software and hardware requirements for accessing the ISO

SMD marketplace are listed on the ISO web page at:
http://www.iso-ne.com
Users need to register with the Customer Service Department within ISO in
order to submit and view private information in the eFTR application for the
intention and purpose of taking part in the ISO SMD marketplace.
Registration for Financial Transmission Rights bidders/holders and market
system users can be done by going to the registration area of the ISO web page at:
http://www.iso-ne.com/ISO_Customer_Services/
Once registered, FTR bidders/holders and market system users will be provided
with the link to access the SMD Home page, which will then allow direct access to
SMD software applications.
Access to the SMD Sandbox will also be restricted to registered market system
users and registered FTR bidders/holders. Questions or inquires about market
access should be addressed to the Customer Service Department at ISO.

2. Business Rules and Timeline

ISO administers the FTR Auction and Secondary Trading Center. The associated
business rules can be found in the Market Rule 1 and Manual M-06; Financial
Transmission Rights.

3. Using the Public Menu

Viewing Clearing Prices by Path
You have the option of viewing clearing prices by path or by portfolio, as
described in the following sections.
What Web Page Do I Use?

Market participants use the following web page to view clearing prices by path:
Clearing Prices by Path use this public page to view both

On-peak and Off-peak auction clearing prices. Auction clearing prices
reflect the value of the FTR path for the auction. The Clearing Prices
by Path data block also shows clearing prices for past auctions.
Section review
1
S MD Training Team

To view clearing prices by path:

1. Select Clearing Prices by Path from the Sideline Link Public menu for the
Clearing Prices by Path web page to display.
2. Select the appropriate Source from the Source/Sink list located on the left
pane of the web page.
Section review
1
S MD Training Team
3. Click the Source Node button located just below the list.
4. Select the appropriate Sink from the same Source/Sink list.
5. Click the Sink Node button located below the list.
The Clearing Prices by Path data block automatically updates with the
appropriate path information.
6. Review the following clearing price data for the selected path:
Auction
Class (On-peak or Off-peak)
Price ($/MW)

Using the Public Menu
Viewing Clearing Prices by Portfolio

You have the option of viewing clearing prices by path or by portfolio. (The
previous section addressed viewing clearing prices by path.) The difference from
the Clearing Prices by Path web page is you can choose to view a list of paths that
are part of a portfolio.

Market participants use the following web page to view clearing prices by
portfolio:
Clearing Prices by Portfolio use this page to view the auction

clearing price of a path that is part of a Portfolio. Auction clearing
prices reflect the value of the FTR path for the auction. The Clearing
Prices by Portfolio web page presents both On-peak and Off-peak
auction clearing prices. The data block also shows clearing prices for
past auctions.
Section review
1
SMD Training Team

To view clearing prices by portfolio:

1. Select Clearing Prices by Portfolio from the SideLine Link Public menu
for the Clearing Prices by Portfolio web page to display.
2. Select the appropriate Portfolio name from the left pane of the web page.
3. Select the desired path by selecting the Source/Sink pair from the
Source/Sink list located below the Portfolios list.
Information for the specific path in the Portfolio appears in the Clearing
Prices by Path data block.
4. Review the following clearing price data for the selected path:
Auction
Price ($/MW)

Viewing Auction Results

The FTR Auction clears based on maximizing the net quote-based value of FTR
bids and offers submitted to an auction. You can view comprehensive public
auction results.

A market participant uses the following web page to view auction results:
Auction Results use this page to view awarded quotes including

their auction clearing prices, the quantity amount of the awarded
quotes, the owner, its Class, and whether quotes were bids to buy or
offers to sell FTRs.
Section review
1
SMD Training Team

To view auction results:

1. Select Auction Results from the SideLine Link Public menu for the Auction
Results web page to display.
2. Select the appropriate market from the Market drop-down list box on the left
pane of the page.
3. Select the desired portfolio from the Portfolios list on the left pane of the
page.
The Auction Results data block displays updated information.
4. Review the following auction data for the specific market, portfolio, and path:
10
Source
Sink
Owner
Buy/Sell
MW
Price ($/MW)

Viewing All Existing FTRs

You can view all existing FTRs, regardless of the method in which they were
acquired.

Market participants can use the following public web page to view all existing
FTRs:
All FTRs use this page to view all existing FTRs. Because of the
volume of data, the information posted on eFTR is filtered by
portfolio.
Section review
1
SMD Training Team

11
To view all existing FTRs:

1. Select All FTRs from the SideLine Link Public menu for the All FTRs web
page to display.
2. Select the Year and Month you are interested in from the drop-down list
boxes on the left pane of the web page.
3. Select the desired portfolio from the Portfolios list on the left pane of the web
page.
The FTR data defined by the year, month, and portfolio appear in the All
FTRs data block.
4. Review the following FTR data:
12
Source
Sink
Owner
Start Date
End Date
MW

Viewing Constraints
You can view binding constraints associated with an FTR Auction. In the FTR
Auction, an analysis must be performed to select a set of winning bids and offers.
The analysis must maximize the value of the FTR auction while respecting the
physical limitations of the transmission system under pre-contingency and postcontingency conditions resulting in binding constraints.

Market participants can use the following web page to view constraints:
Constraints use this page to view the transmission constraints

limiting the number of FTRs that can be awarded in an auction.
Section review
1
SMD Training Team

13
To view constraints:
1. Select Constraints from the SideLine Link Public menu for the Constraints
web page to display.
2. Select the market you are interested in from the Market drop-down list box
on the left pane of the page.
The Constraints data block is updated with data for the selected market.
3. Review the following constraints data associated with the selected market:
14
Monitored Facility
Contingency Name

Downloading Public Files

Public auction results, clearing prices, binding constraints, and all existing
(monthly) FTRs are available in the form of a comma separated value (CSV) file.

Market participants use the following web page to download public FTR auction
files:
File Transfer use this page to download public FTR data files.
Section review
1
SMD Training Team

15
To download a public file:

1. Select File Transfer from the SideLine Link Public menu for the File
Transfer web page to display.
2. Select the Market, Year, and Month from the drop-down list boxes located
The Market drop-down list box works independently of the Year/Month
drop-down list boxes. If downloading auction-related reports (i.e., public
auction results, clearing prices, and binding constraints), select the
appropriate Market. If downloading the Monthly FTR report, select the
corresponding Year and Month.
3. Right-click the name of the file you are interested in from the Available
Downloads list on the File Transfer web page.
Caution: If you left-click the file, the contents of the file appear on the web
page. If this happens, simply select the Back button of your web browser
to return to the Downloads list.
4. Select Save Target As from the list of options.
5. Select the destination where you would like to save the file. Be sure the file is
saved in the correct format by entering the .csv file extension.
6. Click the Save button in the Save As dialog box. The file is downloaded to
your local directory.
16

4. Using the Private Menu

Viewing Clearing Price History
The FTR Main web page contains the same information that is presented on the
Clearing Prices by Path and Clearing Prices by Portfolio web pages (public pages).
The FTR Main web page presents open quotes in addition to clearing prices. One
advantage of this web page is that you can enter quotes on a path while viewing
the price history for that path.

Market participants can use the following web page to view private auction
clearing price information:
FTR Main use this page to view auction clearing price information,
filtered by a transmission path defined as part of a portfolio.
S e c tio n re v ie w
1
S M D T ra in in g T e a m

17
Alternatively, you can use the File Downloads web page to download a file
containing price history information. See Downloading Private Files for
more information.
To view clearing prices:
1. Select FTR Main from the SideLine Link Private menu for the FTR Main
2. Select the portfolio you are interested in from the list on the left pane of the
web page.
3. Define the path you are interested in by selecting the desired Source and Sink
from the Source/Sink menu on the left pane of the page.
The paths you have selected appear in the clearing prices by path data block.
S
e c
t i o
r e v
i e w
1
S
r a i n
in
a m
4. Review the following clearing price data:
18
Auction
Price ($/MW)

Using the Private Menu
Viewing Private Auction Results

The FTR Auction clears based on maximizing the net quote-based value of FTR
bids and offers submitted to an auction. The Private Auction Results web page
shows only your awarded FTRs. You can filter by your defined portfolios and
view your bid information next to the award information.

Market participants use the following web page to view private auction results:
Auction Results use this page to view auction results that include
your specific information, such as the price and MW quote for the
auction.
Section review
1
SMD Training Team

19
To view private auction results:

1. Select Auction Results from the SideLine Link Private menu for the
Auction Results web page to display.
2. Select the auction you are interested in from the Market drop-down list box
3. Select the appropriate portfolio from the menu located below the Market list
box.
4. Select a specific transmission path by selecting a Source and Sink from the
menu located below the Portfolios list.
The auction results display in the Auction Results data block.
5. Review the following auction results data:
20
Source
Sink
Buy/Sell
MW Quote
Quote ($/MW)
MW Cleared
Cleared ($/MW)

Defining New Portfolios

ISO defines public portfolios, and only ISO may modify those portfolios. Private
portfolios, on the other hand, are created and modified by you as part of
managing your private FTR data. After creating a new portfolio, you can view
other eFTR pages and filter the data by portfolio.

Market participants use the Portfolio Manager web page to create new portfolios:
Portfolio Manager use this page to create, update, and delete

private portfolios.
2
SMD Training Team

21
To define new portfolios:

1. Select Portfolio Manager from the SideLine Link Private menu for the
Portfolio Manager web page to display.
2. Click the New button located at the bottom of the data block. A new row
appears with a status of yellow.
3. Enter the name of the new Portfolio in the Portfolio text box or click the Copy
to Portfolio button located on the left pane of the page. If you are typing in
the portfolio name when adding a path to an existing portfolio, the portfolio
name given to the new row must match the existing portfolio name. You can
best achieve this by selecting Copy to Portfolio.
4. Select a Source from the Source/Sink list on the left pane of the page. Click
the Copy to Source button. The Source portion of the row is filled with this
information.
5. Select a Sink from the Source/Sink list on the left pane of the page. Click the
Copy to Sink button. The Sink portion of the row is filled with this
information.
6. Click the Update button located at the bottom of the data block. A warning
message appears.
7. Click OK. The row status changes from yellow to green after the information
is sent to the database. The new portfolio is now in the database.
22

Viewing Existing Portfolios

You can view FTR portfolios from the Portfolio Manager web page or other pages.
Data is filtered by portfolio on many of the eFTR web pages through contentspecific data list boxes.

The Portfolio Manager web page allows market participants to view, as well as
modify, existing portfolios. This page also allows you to add new portfolios and
transmission paths to portfolios. Portfolios are used in the following web pages:
Clearing Prices by Path (public)
Clearing Prices by Portfolio (public)
All FTRs (public)
Auction Results (public and private)
Quote Summary (private)
Secondary Trading Center (private)
FTR Main (private)
Portfolio Manager (private)
The Portfolio Manager web page is used in the following example.
Section review
1
SMD Training Team

23
To view existing portfolios:

2. Review the Source and Sink paths defined in the Portfolio Manager data
block. The portfolios and associated Source/Sink paths defined here also
appear in the portfolio and Source and Sink lists on other eFTR web pages.
S e c t io n
r e v ie w
1
S M
24
T r a in in g
T e a m

Updating Portfolio Paths

You may update all aspects of a portfolio: the name of the portfolio, the Source,
and/or the Sink.

Market participants use the Portfolio Manager web page to update portfolios:

private portfolios.
Section review
1
SMD Training Team

25
To update portfolio paths:

2. Select the portfolio you wish to change from the data block.
3. Modify the name in the Portfolio text box if desired by entering a new name
or clicking Copy to Portfolio after selecting the new portfolio name from
the drop-down list box. The row status changes to yellow.
S e c t io n
r e v ie w
1
S M
T r a in in g
T e a m
4. Select a different Source from the Source/Sink list on the left pane of the
page. Click the Copy to Source button. The Source portion of the row is
filled with this information.
5. Select a different Sink from the Source/Sink list on the left pane of the page.
Click the Copy to Sink button. The Sink portion of the row is filled with this
information.
message appears.
26

7. Click OK. The row status changes from yellow to green. The updated
portfolio is now in the database.

27
Adding Portfolio Paths

You can add transmission paths to an existing portfolio. A transmission path can
be assigned to more than one portfolio.

Market participants use the Portfolio Manager web page to add portfolio paths:

private portfolios.
Section review
1
SMD Training Team
28

To add a path to a portfolio:

1. Select Portfolio Manager from the Sideline Link Private menu for the
2. Click the New button located at the bottom of the data block. A new row
displays with a status of yellow.
3. Enter the name of the portfolio for which you are adding a path in the
Portfolio text box.
4. Select a Source from the Source/Sink list on the left pane of the page. Click
the Copy to Source button. The Source portion of the row is filled with this
information.
5. Select a Sink from the Source/Sink list on the left pane of the page. Click the
Copy to Sink button. The Sink portion of the row is filled with this
information.
message appears.
7. Click OK. The row status changes from yellow to green. The new path for the
portfolio is now in the database.

29
Deleting Portfolios
You can delete an entire portfolio or a transmission path within a portfolio. Once
an entire portfolio is deleted, the transmission paths assigned to that portfolio are
deleted as well.

Market participants use the Portfolio Manager web page to delete portfolios:

private portfolios.
Section review
1
S MD Training Team
30

To delete a portfolio:
1. Select Portfolio Manager from the Private menu for the Portfolio Manager
2. Select the portfolio you wish to delete.
S e c t io n
r e v ie w
1
S M
T r a in in g
T e a m
3. Click the Delete button located at the bottom of the data block. A warning
message appears.
4. Click OK. The row disappears as the status bar indicates deleting data from
the database. The status bar then shows that the update is complete.
Note: If the portfolio has multiple paths, you will need to select and delete
each defined path separately in order to delete the entire portfolio.

31
Creating Auction Quotes

You can create auction quotes three different ways. You can enter quotes for an
auction by portfolio, by path, or via file upload. To create auction quotes by
portfolio, you would use the Quote Summary web page and follow the steps
described in this section. The Quote Summary web page allows you to view
multiple paths (by portfolio) for the selected auction. To create auction quotes by
path, use FTR Main. FTR Main allows you to enter multiple quotes for a given
path to any open auction. FTR Main also displays the clearing prices for the
selected path for recent auctions. See Updating Open Quotes by Path for
information about using FTR Main. To create auction quotes via file upload, use
the File Transfer web page and follow the steps described in Uploading Private
Files.

Market participants can use any of the following web pages to create auction
quotes:
Quote Summary use this page to view, create, update, or delete

auction quotes.
FTR Main use this page to view, create, update, or delete auction
quotes by path.
File Transfer use this page to upload a file containing auction

quotes.
Images of each web page appear in various sections of this document.
32

To create auction quotes from the Quote Summary web page:

1. Select Quote Summary from the SideLine Link Private menu for the Quote
Summary web page to display.
2. Select the desired Market from the drop-down list box on the left pane of the
page.
3. Select the desired Portfolio from the Portfolio list on the left pane of the page.
The open bids with those parameters appear in the Quote Summary data
block.
4. Click the New button at the bottom of the Quote Summary data block. A new
bid row appears. The status of the row is yellow.
5. Select the appropriate Source and Sink from the list on the left pane of the
page.
6. Click the Copy Path command button located below the Source and Sink list.
The Source and Sink are copied into the Quote Summary data block.
7. Select On-peak or Off-peak from the Class drop-down list.
8. Select Buy or Sell from the Buy/Sell drop-down list.
9. Enter the MW amount you wish to buy or sell in the MW field.
10. Enter the purchase or sale price for the quote in the Price ($/MW) field.
11. Click the Update button from the bottom of the Quote Summary data block.
A warning message appears.
12. Click OK. The row status changes from yellow to green.
is now in the database.

The new portfolio
33
Viewing Open Quotes by Path

An open quote is an offer to buy or sell FTRs for an auction that has not closed.
As a private user, you have access to your quotes only.

Market participants use the following web page to view all open quotes by path
until the auction closes.
FTR Main use this page to view open quotes on a specific

transmission path.
Section review
1
SMD Training Team
34

To view open quotes by path:

2. Select the portfolio you are interested in from Portfolios list on the left pane
of the page.
3. Select the Source and Sink you are interested in from the list in the left pane
of the page.
4. The path data appear in the Open Quotes by Path data block. You can view
the following information for the quote:
Market
Buy/Sell
MW
Price ($/MW)

35
Viewing Open Quotes by Portfolio

An open quote is an offer to buy or sell FTRs for an auction that has not closed.
As a private user, you have access to your quotes only.

Market participants use the following web page to view all open quotes by
portfolio up until the auction closes.
Quote Summary use this page to view your open quotes by

portfolio. The previous task described how to view open quotes by
path.
Section review
1
SMD Training Team
36

To view open quotes by portfolio:

2. Select the Market you are interested in from the drop-down list box on the
left pane of the page. Open quotes for the selected market appear in the
Quote Summary data block.
3. Select the desired portfolio from the Portfolios list on the left pane of the
page. Open quotes for the selected portfolio appear in the Quote Summary
data block.
4. View the following quote information in the Quote Summary data block:
Source
Sink
Buy/Sell
MW
Price ($/MW)

37
Updating Open Quotes by Path

You can update your open quotes by path or portfolio by following the steps in
the following subsections.

Market participants use the same page to view or update open quotes by path:
FTR Main use this page to update open quotes on a specific

transmission path.
Section review
1
SMD Training Team
38

To update open quotes by path:

2. Select the portfolio you are interested in from Portfolios list on the left pane
of the page.
3. Select the Source and Sink you are interested in from the left pane of the
page. The path data appear in the Open Quotes by Path data block.
4. Select the quote that you wish to update from the Open Quotes by Path data
block. The status of the row changes to yellow when you begin to make a
change.
5. Enter desired changes to the following open quote data:
Market
Buy/Sell
MW
Price ($/MW)
message displays.
7. Click OK. The status color of the row changes from yellow to green
and
the status bar at the bottom of the data block indicates that the update is
complete.

39
Updating Open Quotes by Portfolio

You can also update your open quotes by portfolio by following the next steps.

Market participants use the following web page to update open quotes by
portfolio.
Quote Summary use this page to update your open quotes by

portfolio. The previous task described how to update open quotes by
path.
Section review
1
SMD Training Team
40

To update open quotes by portfolio:

2. Select the market you are interested in from the Market drop-down list box
3. Select the portfolio you are interested in from the Portfolios drop-down list
box on the left pane of the page. The open bid data for the selected portfolio
appear in the Quote Summary data block.
4. Select the desired Source and Sink from the list on the left pane of the page.
5. Select the quote you wish to update. The row status changes to yellow.
6. Enter desired changes to the following open quote data:
Source
Sink
Buy/Sell
MW
Price ($/MW)
7. Click the Update button located at the bottom of the Quote Summary data
block. A warning message displays.
8. Click OK. The row status color changes from yellow to green
status bar indicates that the update is complete.
and the
41
Deleting Open Quotes by Path

Prior to the closing of the auction, you can delete open quotes by a specific
transmission path within a portfolio, as described in this task, or by portfolio, as
described in Deleting Open Quotes by Portfolio.

Market participants use the same page to view, update, or delete open quotes by
path:
FTR Main use this page to delete open quotes on a specific

transmission path.
Section review
1
SMD Training Team
42

To delete an open quote by path:

2. Select the portfolio you are interested in from the Portfolios list on the left
pane of the page.
3. Select the associated Source and Sink you are interested in from the list on
the left pane of the page. The path data appear in the Open Quotes by Path
data block.
4. Select the quote that you wish to delete.
message appears.

43
Deleting Open Quotes by Portfolio

You can delete any open quote prior to the closing of the auction. Open quotes
may be deleted by portfolio, as described in this task, or by a specific
transmission path within a portfolio, as described in the previous task.

Market participants use the following web page to delete open quotes by
portfolio:
Quote Summary use this page to view, update, or delete your

open quotes by portfolio. The previous task described how to delete
open quotes by path.
Section review
1
SMD Training Team
44

To delete an open quote by portfolio:

2. Select the Market you are interested in from the drop-down list box on the
left pane of the web page.
3. Select the portfolio you are interested in from the Portfolios drop-down list
box on the left pane of the page.
4. Select the quote you wish to delete.
message appears.

45
Viewing the Status of Secondary Trades

Market participants can buy and sell FTRs directly with other market participants
on the Secondary Market. Note that the FTR Secondary Market allows trading of
existing FTRs only; FTRs cannot be reconfigured. However, an FTR can be split
into multiple FTRs on the same path with different MW amounts and different
start and end dates from the original FTR.
Using eFTR, eligible FTR bidders specify trades by transmission paths. When an
FTR holder trades an FTR, ISO automatically transfers the ownership of the FTR
to the new owner.
You can view all of your outstanding offers to buy and sell FTRs on the Secondary
Market through eFTR.
46


Market participants use the following web page to perform all functions related to
the Secondary Market:
Secondary Trading Center use this page to view FTRs and

perform other activities related to buying and selling FTRs on the
Secondary Market.
Section review
1
SMD Training Team

47
To view the status of secondary trades:

1. Select Secondary Trading Center from the SideLine Link Private menu
for the Secondary Trading Center web page to display.
2. Select the appropriate Year and Month from the drop-down list boxes on
the left pane of the page. The Status of Secondary Trades data block shows
the status of the portfolios for the month and year selected.
3. Review the information in the Status of Secondary Trades for (month/year)
by Portfolio data block. The information includes:
Status
Source
Sink
Participant
Start Date
End Date
Buy/Sell
MW
Price ($/MW)
S
e c t i o
r e v i e w
1
S
48

r a in in g
e a m
Posting FTRs for Sale on the Secondary Market

This section describes how to sell FTRs on the Secondary Market. The first step
in completing a trade is for an eligible FTR holder to post the secondary trade.
After the FTR is posted on the Secondary Market, the FTR appears in the
Available Secondary Trades data block for other eligible FTR bidders. (The FTR
remains in the data block for the holder who posted the FTR as long as the
selected Year and Month are within the newly posted FTR start and end dates.)

Market participants use the following web page to post FTRs on the Secondary
Market:
Secondary Trading Center use this page to post FTRs and

perform other activities related to buying and selling FTRs on the
Secondary Market.
Section review
1
SMD Training Team

49
To post FTRs for sale:

the left pane of the page. The Posted Secondary Trades data block presents
the FTRs that are marked for sale during that time frame.
3. Select the appropriate portfolio from the Portfolios list on the left pane of
the page.
4. Click the New button at the bottom of the Posted Secondary Trades data
block. A new row appears on the Posted Secondary Trades data block with a
status of yellow.
5. Select a Source and Sink associated with the Portfolio from the list located
6. Click the Copy Path button located on the left pane of the page. The Source
and Sink fields in the row are populated with this information.
7. Complete the row by filling in the following information in the data block:
Start Date and End Date (In order to specify the day, month, or year click
in the desired Date field. The day will be highlighted, use the Up or Down
arrow key on the keyboard to change the day. Use the Right and/or Left
arrow to access the month and/or year. Again, use the Up or Down arrow
to change the month and/or year. Note: A transaction cannot be
submitted before the current date. If it is a sale, it cannot exceed the
term, MW value, or be of a different Class than the specified FTR.
Sell (from the Buy or Sell drop-down list box)
MW
Price ($/MW)
8. Click the Update button in the Posted Secondary Trades data block. A
warning message displays.
50

9. Click OK. The row status changes from yellow to green and the status
message Update Complete appears at the bottom of the data block. If the
status changes to red, messages noting the error appear in the status bar. A
list of error messages is provided in Appendix B of the Reference Section
document.
10. Click the Refresh button in the Status of Secondary Trades data block to see
updated information regarding your recently posted FTR. The FTR posting
you just created can be viewed by other eligible FTR bidders in the Available
Secondary Trades data block. You can view the posting you just created in the
Posted Secondary Trades data block if the start and end date periods for the
newly posted FTR overlap the year and month selections.

51
Accepting a Trade on the Secondary Market

The second step in completing a trade is for an eligible FTR bidder or FTR holder
to accept a secondary trade that was posted by another eligible FTR bidder or
FTR holder. This section describes how to accept an offer.

Market participants use the following web page to accept an FTR offer for
purchase or sale on the Secondary Market:
Secondary Trading Center use this page to accept FTR offers

and perform other activities related to buying and selling FTRs on the
Secondary Market.
Section review
1
SMD Training Team
52

To accept a secondary trade:

the left pane of the page.
the web page.
4. Select the row of the trade you wish to accept from the Available Secondary
Trades data block.
S
t i o
r e
i e
1
S
r a
i n
i n
5. Click the Accept button in the Available Secondary Trades data block. A
warning message displays.
6. Click OK. A message indicating the update is complete displays in the status
bar at the bottom of the Available Secondary Trades data block.
7. The row disappears from the Available Secondary Trades list for the market
participant accepting the trade and now displays in the Accepted Secondary
Trades data block of the market participant who originally posted the trade.
The trade must be confirmed by the Market Participant who originally posted
the trade in order for the trade to be complete.

53
Confirming or Rejecting Trades on the Secondary Market

The final step in completing a trade is for the initiator to confirm or reject the
secondary trade. This section describes how you may confirm or reject FTR
trades.

Market participants use the following web page to confirm or reject FTR trades
on the Secondary Market:
Secondary Trading Center use this page to confirm or reject

FTR trades and perform other activities related to buying and selling
FTRs on the Secondary Market.
Section review
1
SMD Training Team
54

To confirm or reject trades:

2. Select the Year and Month of the FTR you marked for sale from the dropdown list box on the left pane of the page.
the page. The Accepted Secondary Trades data block presents the trades you
have accepted.
4. Select the row of the trade you wish to confirm or reject from the Accepted
Secondary Trades data block.
S
e c
t i o
r e v
i e w
1
S
r a
in
in
5. Click the Confirm button to accept the trade or the Delete button to reject
the trade. Confirming the trade completes the transaction. Deleting the trade
removes the transaction from the database. If you choose the Confirm
button, the following warning message appears:
If you choose the Delete button, the following warning message appears:

55
6. Click OK. Status messages display during the process at the bottom of the
Accepted Secondary Trades data block. The final message should note that
the update or deletion is complete.
56

Offering to Buy FTRs on the Secondary Market

This section describes how to make offers to buy FTRs available on the Secondary
Market. The market participant you are buying from must own the FTR to
successfully accept the trade.

Market participants use the following web page to make offers to purchase FTRs
on the Secondary Market:
Secondary Trading Center use this page to make offers to buy

FTRs and perform other activities related to buying and selling FTRs
on the Secondary Market.
Section review
1
SMD Training Team
To make an offer to buy an FTR:


the left pane of the web page.

57

the page. The Posted Secondary Trades data block presents the FTRs that are
marked for sale during that time frame by portfolio.
4. Click the New button on the Posted Secondary Trades data block. A new row
appears on the Posted Secondary Trades data block.

5. To fill in the information for the FTR you wish to purchase, select the Source
and Sink associated with the portfolio from the left pane of the page. Click
the Copy Path button located on the left pane of the page. The Source and
Sink fields in the row are populated with this information.
6. Complete the row by filling in the following information:
Start Date and End Date

Buy (from the Buy or Sell drop-down list box)
MW
Price
7. Click the Update button in the Posted Secondary Trades data block. A
warning message appears.
8. Click OK. The row status changes from yellow to green and the message
Update Complete appears in the status bar at the bottom of the data block.
If the status changes to red, messages noting the error appear in the status
bar.
58

Uploading Private Files

You can upload private auction quote files in comma separated value (CSV)
format. An example of how a CSV file may be formatted is presented below. Also
refer to the CSV File Format table on the next page for more assistance.
Example:
C,FTR,FTRBID,ISONE,<Upload Date>,<Upload Time> *
I,FTRBID,BID,VERSION,PARTICIPANT,MARKET,BEGIN,END,CLASS,
BUYSELL,SOURCE,SINK,MW,PRICE
D,FTRBID,BID,1,<Participant Name>,A,<Begin Date>,<End
Date>,<Class Type>,<BUY or SELL>,<Source Name>,<Sink
Name>,<MW amount>,<Price per MW>
C,END OF REPORT,<Line Count>
*The first two lines (a comment line and an informational line) are optional. The
last comment line indicating the end of report and line count is not optional.
Caution: If opening the CSV file with Microsoft Excel, the date formats
may be changed when modifications are made and saved in Excel. The
data format for file upload is YYYY/MM/DD. Excel translates YYYY/MM/DD
as a date and defaults in most systems to M/D/YYYY. Attempting to upload
the file with the wrong date format will result in errors.
The following table is offered as a reference for formatting the lines of the CSV
file.

59
Table 1. CSV File Format
CSV
Line
Code
60
Field
Description
Format or
Maximum Length
Required?
Upload
Date
User-defined upload
date for
informational
purposes
MM/DD/YYYY
No
Upload
Time
User-defined upload
time for
informational
purposes
HH:MM
No
Participant
Name
Participants Name
40 characters
Yes
Begin Date
Beginning date of
auction for which
quote is intended
YYYY/MM/DD
(Be careful of
default date formats
in your editing
program that may
alter your entry.)
Yes
End Date
Ending date of
auction for which
quote is intended
YYYY/MM/DD
Yes
Class Type
ONPEAK or
OFFPEAK
(case sensitive)
7 characters
Yes
Buy or Sell
BUY or SELL
(case sensitive)
4 characters
Yes
Source
Name
The FTR Source
30 characters
Yes
Sink Name
The FTR Sink
30 characters
Yes
MW
The MW amount of
the quote
8 with 1 decimal
place
Yes
Price
The $/MW for the

quote
10 with 2 decimal
places
Yes


Market participants use the following web page to upload private FTR files:
File Transfer use this page to upload CSV files containing private
FTR data.

61
To upload a private file:

1. Select File Transfer from the SideLine Link Private menu for the File
2. Enter the name of the file you wish to upload into the File Upload text box on
the left pane of the page. Or click the Browse button to navigate to the file
you wish to upload, and open the file.
3. Click the Upload File button.

4. Click the Refresh button in the Upload Status data block to view the status
of the upload file. After uploading the file, the status is reflected in the Status
column in the data block. One of the following states will display:
62
Unprocessed The file has been uploaded, but has not been processed
by the application.
Success (number of FTR quotes processed) The file has been

successfully inserted into the database. Note that the same file can be
uploaded twice, causing twice as many quotes to upload.
Errors Present The file contains errors that have prevented it from
being inserted into the database. This error message serves as a link to a
detailed report of errors encountered with the file. Note that if a single
error is found with quotes in the file, all quotes are rejected.

Downloading Private Files

You can download private auction results files through eFTR. Files are provided
in comma separated value (CSV) file format.

Market participants use the following web page to download private FTR files:
File Transfer use this page to download CSV files containing

private FTR data.
Section review
1
SMD Training Team

63
To download a private file:

1. Select File Transfer from the SideLine Link Private menu for the File
2. Select the Market, Year, and Month from the drop-down list boxes located
3. Right-click the name of the file you are interested in from the Available
Downloads list on the File Transfer web page.
Caution: If you left-click the file, the contents of the file appear on the web
page. If this happens, select the Back button of your web browser to return
to the Downloads list.
4. Select Save Target As from the list of options.
5. Select the destination where you would like to save the file and enter a
descriptive file name for the download with a CSV file extension. Otherwise,
this field will default to ftr_filetransferwrapper with a file type of HTML.
6. Click the Save button on the Save As dialog box. The file is downloaded to
your local directory.
The following table provides a list of the reports available for download.
64

Table 2. Reports Available for Download
File Name
Description
Public or
Private
Public and
Private
Filtered by:
auction_results.csv
Results by
auction
clearing_prices.csv
Clearing prices
results by
auction
Public and
Private
Market dropdown list box
binding_constraints.csv Binding
constraints by
auction
Public and
Private
ftr.csv
Monthly FTRs
Public and
Private
Month dropdown list box
auction_bids.csv
Your bids and

results by
auction
Private

65

EFTR User Guide

Enviado por

Dados do documento

Direitos autorais

Formatos disponíveis

Compartilhar este documento

Compartilhar ou incorporar documento

Opções de compartilhamento

Você considera este documento útil?

Este conteúdo é inapropriado?

Direitos autorais:

Formatos disponíveis

EFTR User Guide

Enviado por

Direitos autorais:

Formatos disponíveis

User Guide for Financial Transmission

Rights Using eFTR

Software Release Date:

March 24, 2005

ISO New England Inc. 2001, 2002, 2003

ISO New England Inc. 2001, 2002, 2003

Proprietary Information of ALSTOM ESCA Corporation See Copyright Page

User Guide for Financial Transmission Rights Using eFTR

Proprietary Information of ALSTOM ESCA Corporation See Copyright Page

Proprietary Information of ALSTOM ESCA Corporation See Copyright Page

1. Web Application Access

Internet Explorer 5.5 or greater supporting SSL 3.0 secured 128-bit

Additional software and hardware requirements for accessing the ISO

Proprietary Information of ALSTOM ESCA Corporation See Copyright Page

2. eFTR Web Pages

Public and Private Web Pages

Clearing Prices by Path

Clearing Prices by Portfolio

Private web pages

Secondary Trading Center

Proprietary Information of ALSTOM ESCA Corporation See Copyright Page

User Guide for Financial Transmission Rights using eFTR

Create new rows of data.

Proprietary Information of ALSTOM ESCA Corporation See Copyright Page

eFTR Web Pages

General Web Page Overview

SMD Training Team

Proprietary Information of ALSTOM ESCA Corporation See Copyright Page

User Guide for Financial Transmission Rights using eFTR

a. Top Left Frame/Site Navigation: Menus and Page Access Titles

Proprietary Information of ALSTOM ESCA Corporation See Copyright Page

eFTR Web Pages

another web page before updating, your changes and/or

Proprietary Information of ALSTOM ESCA Corporation See Copyright Page

User Guide for Financial Transmission Rights using eFTR

Reviewing Error Messages

Figure 2. An Error Message in eFTR

To view an error message:

Proprietary Information of ALSTOM ESCA Corporation See Copyright Page

eFTR Web Pages

Figure 3. SideLine Navigation Panel

SideLine Links Navigation Menus

Proprietary Information of ALSTOM ESCA Corporation See Copyright Page

User Guide for Financial Transmission Rights using eFTR

Public Menu Pages

Figure 4. Public Menu

Proprietary Information of ALSTOM ESCA Corporation See Copyright Page

eFTR Web Pages

Clearing Prices by Path

Figure 5. Clearing Prices by Path Web Page

Proprietary Information of ALSTOM ESCA Corporation See Copyright Page

User Guide for Financial Transmission Rights using eFTR

Clearing Prices by Portfolio

Figure 6. Clearing Prices by Portfolio Web Page

Proprietary Information of ALSTOM ESCA Corporation See Copyright Page

eFTR Web Pages

Figure 7. Auction Results Web Page

Proprietary Information of ALSTOM ESCA Corporation See Copyright Page

User Guide for Financial Transmission Rights using eFTR

Figure 8. All FTRs Web Page

Proprietary Information of ALSTOM ESCA Corporation See Copyright Page

eFTR Web Pages

Figure 9. Constraints Web Page

Proprietary Information of ALSTOM ESCA Corporation See Copyright Page