ASX Clear (Futures) Initial Margin Rates for Electricity Contracts, 16 August 2012
Wed 15 Aug 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 below in ASX Notice 189/12.
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 parameters will be effective for open contracts as at close of business on Thursday 16 August 2012 impacting on margin calls made on Friday 17 August 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 0236 or 9227 0018.