Clearing Banks

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

MB –The Member’s Bank, provides the Clearing  Members with settlement services of the transactions concluded on the Commodity Markets on the Polish Power Exchange within the scope of  the settlement of  transactions and updating of the Margins.
The MB provides its services based on the agreement concluded with the Clearing  Member, the Clearing  Bank and IRGiT.

 

The MB’s role in the cash settlement of transactions.

 

The MB’s role in the cash settlement- updating of the Margins.