Non-cash collaterals

Clearing members have the opportunity to lodge the non-cash collateral, what allows to reduce the required funds on margins.

The object of the non-cash collaterals being lodged by Clearing Participants can be: bank guarantees, property rights and emission allowances (CO2).

Non-cash collateral is logged in accordance with the Detailed clearing rules for the Financial Instruments  Market operated by TGE S.A.