Clearing and invoicing

IRGiT offers clearing and settlement services of transactions, provided by The Clearing and Settlement Department (DRR).

As a consequence of the clearing of transactions which have been entered into on the Polish Power Exchange, based on the system delivered by NASDAQ OMX, the DRR establishes the value of cash flows (on everyday basis for the settlement of Mark-To-Market; on monthly basis for updating of Margins, and for the final settlement of future contracts).

At the same time, within the framework of providing the clearing services, IRGiT assumes entire responsibility for the reliable execution of everyday payments as well as the physical delivery of the commodities, which have been purchased by the Clearing Members.