Amendments to IRGiT Regulations – amendment to the Regulations of the Exchange Clearing House (Commodity Market) and the Detailed Clearing and Settlement Rules of the Exchange Clearing House
IRGiT S.A. is amending the Regulations of the Exchange Clearing House (Commodity Market) and the Detailed Clearing and Settlement Rules of the Exchange Clearing House, with the amendments relating primarily to:
- the implementation of the Guarantee Fund’s liquidity pool, which is designed to support the existing mechanisms that ensure security of clearing liquidity,
- a change of the rules for calculating recognition factors for non-cash collateral contributed towards collateral margins
Additionally, the new version of the Regulations of the Exchange Clearing House includes:
- an amendment to provisions on historic margin,
- a change in the Table of Fees and Charges,
- other detailed amendments.
At the same time, in connection with the setting aside of the Guarantee Fund’s liquidity pool to support clearing liquidity, the content of the Rules of Conduct in case of an Event of Default has changed.
In connection with the changes in the Table of Fees and Charges, the content of the Detailed rules for calculating fees payable by Members of the Exchange Clearing House has also changed.
The above amendments will come into effect as of 1 January 2024.
You are encouraged to learn about the details of the amendments.
Detailed description of the amendments (link) – Amendments to IRGiT regulations
The Regulations of the Exchange Clearing House (Commodity market)
Detailed Clearing and Settlement Rules of the Exchange Clearing
Detailed rules for calculating fees payable by Members of the Exchange Clearing House