- The Warsaw Commodity Clearing House (IRGiT) in collaboration with the Polish Power Exchange (PPE) has made a decision to extend the Maker-Taker Program for the period from 1 August to 31 December 2019.
- The fee reduction level for instruments covered by the Program has been increased from 50% to 75%.
In line with the Polish Power Exchange Group’s decision to extend the Maker-Taker Program, the IRGiT Management Board has adopted a resolution to uphold the lower fees for the registration of positions on the Commodity Forward Instruments Market for electricity in respect of transaction originators while reducing the amount of the fee specified in the Regulations of the Exchange Clearing House by 75%. The reduced fees will apply to specific electricity forward instruments indicated by the Polish Power Exchange in compliance with the Terms and Conditions of the Maker-Taker Program and will apply from 1 August to 31 December 2019.
„It is very important to us to maintain a high liquidity level on the markets cleared by the House because, on the one hand, high liquidity enables a more accurate valuation of listed instruments, which in turn translates into the ability to calculate the level of required collateral margins with greater precision, and, on the other hand, enables a more effective closing of Members’ positions in cases of default management procedures being initiated. We are also perfectly aware of the benefits this brings to the market, which is why in collaboration with the Polish Power Exchange we intend to be actively involved in activities aimed at supporting the maintenance of liquidity on the markets cleared by the House,” said Łukasz Goliszewski, Vice-President of the IRGiT Management Board.