Dear Sir or Madam,
Izba Rozliczeniowa Giełd Towarowych S.A. (hereinafter “IRGiT”) introduces changes in The Fee and Charge Table in the Regulations of the Exchange Clearing House (Commodity Market) (hereinafter "Regulations") consisting in particular of:
- change of the method of calculating the fee for activity on customers’ account (item 1.2. section I. of The Fee and Charge Table in the Regulations)
- change in the charge of:
- the fee for clearing of session transactions (item 4.1, 4.2 and 4.3 section II. of The Fee and Charge Table of the Regulations)
- the charge for registration of the Positions, the electricity is subject of which, in recording accounts of the House (item 5.1 section II. of The Fee and Charge Table of the Regulations)
- the fee for clearing and settlement of the Positions in electricity forward contracts, entered into on or off the Exchange (item 6.1, 6.2, 6.3 section II. of The Fee and Charge Table of the Regulations)
- the fee for registration of non-cash collaterals in the collateral register (reckoned for each type of collaterals being lodged) (item 4. section III. of The Fee and Charge Table of the Regulations)
- the fee for monthly servicing of the non-cash collaterals being lodged in form of bank guarantees (item 5. section III. of The Fee and Charge Table in the Regulations)
- the annual fee for access to IRGiT private web site containing the settlement reports (the issue concerns each established access from among the number higher than three) (item 8. section III. of The Fee and Charge Table of the Regulations)
- the annual fee for access to db-direct Internet system in order to monitor the holding of resources being deposited by the House’s Members in IRGiT clearings securing system (the issue concerns each established access from among the number higher than three) (item 9. section III. of The Fee and Charge Table of the Regulations)
- introduction of the annual fee for technical access to the clearing system (new item 8a. section III. of The Fee and Charge Table of the Regulations)
- repeal of item 1.4. of section I. and item 4.5, 4.8, 6.4 and 7.2 of section II of the Fees and Charge Table of the Regulations concerning fees to be negotiated by the market makers.
In addition the procedural changes concerning the market maker activity were introduced. § 9 of the Regulations was amended by deleting the market maker activity from the catalogue of types of activity, whereas a definition of the market maker was introduced in § 2 item 39 of the Regulations. Moreover, as a consequence of the changes introduced to the Fees and Charge Table § 59, item 2 and 3 of the Regulations were adjusted.
The above changes will come into force on 1 January 2023.
The Regulations of the Exchange Clearing House (Commodity market) reflecting described changes is available on the IRGiT website in the following tabs Regulations and Rules of procedure.