Changes in IRGiT regulations - a change in the Detailed Clearing Rules for the markets operated by TGE S.A.

Changes in IRGiT regulations - a change in the Detailed Clearing Rules for the markets operated by TGE S.A.

  • IRGiT introduces a change to the Detailed Clearing Rules for the markets operated by TGE S.A. involving the transformation of the existing Commodity Forward Instruments Market with Physical Delivery (CFIM/RTT) into OTF.
  • The amendment also concerns the name of Detailed Clearing Rules for the markets operated by TGE S.A.

In connection with the launch of the organized trading platform (OTF) by TGE S.A. on May 1 2020 and, as a consequence, the transformation of the Commodity Forward Instruments Market with Physical Delivery (CFIM/RTT), settled by IRGiT, into the Electricity Forward Market (EFM) and the Gas Forward Market (GFM), IRGiT introduces a change to the Detailed Clearing Rules for the markets operated by TGE S.A consisting of taking into account the new name of the markets and replacing the current term CIFM/RTT with FIM/RTP.

In addition, in order to harmonize the names of the Detailed Clearing Rules for the markets operated by TGE S.A., determined on the basis of the The Regulations of the Exchange Clearing House (Commodity market) and the Regulations of the Clearing and Settlement House, the current name “Detailed Clearing Rules for the markets operated by TGE S.A." will change to "Detailed Clearing and Settlement rules of the Exchange Clearing House."

The above changes will enter into force on May 1, 2020