Izba Rozliczeniowa Giełd Towarowych S.A. (Commodity Clearing House, “IRGiT”) has amended the Detailed Clearing and Settlement Rules of the Exchange Clearing House related to the clearing price determination methodology. Amendments to the provisions of § 24 concern the following matters in particular:
- use of theoretical reference prices published by TGE in the trading system for BASE and PEAK5 contracts in a situation where there are no open positions in forward contracts corresponding to the respective delivery period, and thus the daily clearing price has not been determined by TGE,
- clarification of the rules for determining clearing prices for L-PEAK5 and H-PEAK5 products.
The purpose of the amendments to the clearing price determination methodology is to increase the precision and efficiency of the method with which the required collateral margins are determined.
The above amendments will come into effect as of 8 February 2024.
Detailed Clearing and Settlement Rules of the Exchange Clearing House
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