Transaction Margin are an element of the clearing guarantee system used to secure cash settlements and obligations arising from changes in the value of forward margin. They consist of a Delivery Margin and Historic Margin.
The Transaction Margin is provided only in cash.
The minimum value of Transaction Margins is determined in accordance with the Detailed Rules of Clearing and Settlement of the Exchange Clearing House.
Delivery Margin
The purpose of the Delivery Margin is to cover the exposure on account of payments for the settlement of transactions on forward markets. The value of the Delivery Margin is conditional upon the estimated daily liabilities on account of settlement of transactions concluded by the Clearing House Member on forward markets for electricity and gas. The algorithm and the frequency used to determine the value of and the procedure for providing the Delivery Margin are defined in the Detailed Clearing and Settlement Rules of the Exchange Clearing House.
Delivery Margin Calculator
Clearing Members have the ability to estimate and forecast the delivery margin required for trading on the Electricity Forwards Market and Gas Forwards Market.
Delivery Margin calculator is available on the IRGiT website.
Historic Margin
The purpose of the Historic Margin is to cover the potential exposure of a given Clearing House Member in respect to transactions concluded on IDM, IDMg, DAM, DAMg, ACM, PRM.
The Historic Margin is updated daily and its calculation algorithm and settlement procedure are defined in the Detailed Clearing and Settlement Rules of the Exchange Clearing House.
Historic Margin Calculator
Clearing Members have the ability to estimate and forecast the historic margin required for trading on the SPOT markets cleared by IRGiT.
Historic Margin calculator is available on the IRGiT website.