On 18 March 2020 one of the Clearing House Members has been deemed to be in breach of the rules concerning fulfilment of obligations resulting from concluded transactions. As a result IRGiT declared the Clearing House Member insolvent. IRGiT proceeded with the process of closing the open[...] More
due to the situation related to the coronavirus epidemic we would like to emphasize that it is IRGiT’s priority to ensure the security of clearing, and to guarantee all our Members the possibility of entering into and clearing the transactions. Our internal procedures take into[...] More
Amendments to IRGIT Regulations – amended Detailed Clearing and Settlement Rules for markets operated by TGE S.A.
Izba Rozliczeniowa Giełd Towarowych S.A. ( “IRGiT”) has amended the Detailed Clearing and Settlement Rules for markets operated by TGE S.A. (“Detailed Clearing and Settlement Rules”) by:
- introducing the option to provide bank guarantees as contributions to the Guarantee Fund, [...] More
Amendments to IRGIT Regulations – amended Regulations of the Exchange Clearing House (Commodity Market)
The amendments to the Regulations involve modifications in the wording of §45r(2) and §47(2) and are intended to implement the conclusions arrived at during consultations held with potential participants in the Agricultural Commodity Market (RTRS), which will be launched in March 2020 under the[...] More
On January 22, 2020 Management Board of IRGiT, acting pursuant to § 56 para. 3 of the Regulations of the Exchange Clearing House (Commodity Market) decided to introduce an exemption from fees for clearing and settlement of exchange transactions concluded on RTRS during the market pilot phase, i.[...] More