The password that will be used to create lists and perform certain management functions (such as administering LISTSERV's user password feature).  Note that when using the web management features, you do not use the CREATEPW= value, but rather your own personal LISTSERV password, to validate your identity.  See the main LISTSERV documentation for information on how to create a personal LISTSERV password.

Note: While they are still available and documented, CREATEPW and its companion STOREPW are obsolete, as postmasters can authenticate all commands with their personal LISTSERV password.  If you do not want to set CREATEPW at all, you should set it to the special value *NOPW*, which will disable the authentication system they are associated with.  *NOPW* is the recommended value.