ASX Clear (Futures) Initial Margin Rates for Electricity Contracts - 2 April 2012
Wed 28 Mar 2012
ASX Clearing Corporation has reviewed the price volatility of all d-cyphaTrade ASX Australian Electricity contracts and has approved the margin changes as shown in ASX Notice 079/12.
The adjustment follows ASX Clear (Futures) review of Electricity margin levels given current market volatility and price levels. Clearing Risk Management monitors margin erosion and any significant exposures are limited using the intra day margining process.
The revised margin parameter will be effective for open contracts as at close of business on Monday 2 April 2012, impacting margin calls made on Tuesday 3 April 2012.
Initial margin rates for all contracts are available on the d-cyphaTrade website.
Should you have any queries in relation to the above, please contact the Clearing Risk Management department on 9227 0448 or 9227 0236.