On the day of May the 25th 2017 the Commodity Clearing House (IRGiT) performed the succeeding clearing of transactions entered into on the Commodity Forward Instruments Market for Property Rights (CFIMPR). The clearing concerned OZE_05-17 instrument, for which the House registered total number of 184 transactions, corresponding to 710 contracts (710 million Property Rights), with total net value exceeding 29,6 million PLN (bilaterally adjusted values).
Delivery of the Property Rights has been executed through re-entry of them in the Certificate of Origin Register, while the payment has been made via Clearing Accounts of the Members of the House and the Clearing Account of the House, kept in Clearing Banks cooperating with IRGiT.
The Commodity Forward Instruments Market for Property Rights was put in operation by the Polish Power Exchange on the day of January the 12th 2016 in cooperation with the Commodity Clearing House. 4 (four) series of contracts are subject to simultaneous quotations on the Commodity Forward Instruments Market for Property Rights (CFIMPR), while the clearing is performed twice a year, in May and November.
