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Izba Rozliczeniowa Giełd Towarowych S.A. (“IRGiT”) has amended the Detailed Clearing and Settlement Rules of the Clearing and Settlement House. In particular, it has:

  • amended the provisions concerning the setting of transaction limits for Clearing and Settlement House Members and changed the rules for reviewing of orders for withdrawals from the transaction margin sub-account in connection with the reverse VAT charge mechanism introduced on the market as of 1 April of this year,
  • clarified the provisions governing the process of approving withdrawal orders,
  • amended the provisions governing the removal of bank guarantees from the Non-Cash Collateral Register.

The above amendments will come into effect as of 1 April 2023.

The Detailed Clearing and Settlement Rules of the Clearing and Settlement House in the new wording are available on the IRGiT website.

Please do not hesitate to contact us if you have any questions or require further information.