The Margin is the most important element of the clearing guarantee system in IRGiT.
The Margin is calculated at the end of each day for transactions made by Members of the Clearing House and by their clients, on the financial market.
The task of the Margin is to cover the costs of closing a position in case of the individual failure of a member.
It is calculated on the basis of:
- current clearing price,
- risk parameters which reflect the current market volatility.
Detailed information on the methodology for determining margins in Detailed clearing rules for the markets operated by TGE S.A (link available soon)