Clearing banks

CB - The Clearing Bank, provides IRGiT with financial services related to the clearing of the transactions concluded on the Financial Market on the Polish Power Exchange.
The Clearing Banks keeps the IRGiT Transaction Margin Sub-Account, dedicated to a given Clearing Member and designed for keeping the Transaction Limits, as well Margin Sub-Account, designed for keeping The Margin.

MB –The Member’s Bank, provides the Clearing  Members with settlement services of the transactions concluded on the Financial Market on the Polish Power Exchange within the scope of the settlement of Mark-To-Market, the final settlement of future contract and updating of margins. The MB provides its services based on the agreement concluded with the Clearing  Member, the Clearing Bank and IRGiT.

MB’s role in the final settlement of future contracts and in the settlement of Mark-To-Market.
 

MB’s role in the cash settlement for updating the Margin.