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The Management Board of the Warsaw Commodity Clearing House (called the “Company” thereinafter), acting on the grounds of § 41 of the Regulations of the Exchange Clearing House (Commodity market) as well as the Company Management Board Resolution No 177/60/08/2014 dated on the day of August the 22th 2014 concerning organization of the Guarantee Fund for electricity transactions establishes the Guarantee Fund multiplier at the level of k =10%.