The Commodity Clearing House (“IRGiT”) is introducing amendments to the Detailed Clearing and Settlement Rules of the Exchange Clearing House, which include, in particular, adaptation of its provisions concerning non-cash collateral accepted by IRGiT to increase the efficiency of the solutions envisaged for the entry into force of an amendment to the Act of 2 March 2020 on special solutions related to prevention and combating of COVID-19, other communicable diseases and crises caused by them (Journal of Laws 2021 Item 2095, as amended).
The Detailed Clearing and Settlement Rules of the Exchange Clearing House have been amended to incorporate:
- amendment consisting in modification of the order of recognition of non-cash collateral,
- change in the recognition limit for collateral provided in the form of second liquidity class bank guarantees.
The above amendments will come into effect as of 25 February 2022.
Detailed description of the amendments Amendments to IRGiT regulations