ASX Energy Initial Margin Rates – Australian and New Zealand Electricity, 11 December 2013
Wed 4 Dec 2013
Further to the notice released on 22 February 2012 titled “Go-live Date and Margin Rate Setting Changesâ€, ASX Clearing Corporation has approved the margin changes for Australian Electricity, New Zealand Electricity and Victorian Gas contracts as shown in ASX Notice 211/13.
The revised margin parameters will be effective for open contracts as at close of business on Tuesday 10 December 2013. Impacting on margin calls made on Wednesday 11 December 2013.
Participants are encouraged to advise all relevant clients of this Initial Margin change on a timely basis.
Initial margin rates for all contracts are available on the ASX Energy Website.
Should you have any queries in relation to the above, please contact the ASX Exposure Risk Management department on (02) 9227 0018 or (02) 9227 0532.
Kind regards,