As result of a regular parameter review, ECC will adjust the risk parameters for the Initial Margin Spot Market (IMSM) and Current Exposure Spot Market (CESM) (Sell Margin parameter OTE Natural Gas and PVB Natural Gas) as of 5 November 2024 as seen in the document attached.
All other margin parameters remain unchanged.
Adjustment Process
The new value for the margin parameters applied on net sell amount of the exposure for the Initial Margin Spot Market (IMSM) as well as of the Current Exposure Spot Market (CESM) will be used for the first time in the IMSM calculation on 5 November 2024 coming into effect for CESM at the same day and for IMSM at the following day, on 6 November 2024.
The corresponding parameter in ECC’s risk parameter file on the ECC website will be updated on 5 November 2024.
Information
For assistance, please contact our team via clearing@ecc.de. Clearing Members are reminded to check whether defined Emergency Member Stop Limits and deposited collaterals are set sufficiently to cover a possible margin increase.
Contact
European Commodity Clearing AG
Clearing & Settlement
Phone: +49 341 24680-444
E-mail: clearing@ecc.de