A single guarantee may now cover all electricity futures margins, 7/03/05
Mon 7 Mar 2005
Energy companies may use the following forms of collateral to cover initial and variation margins on futures positions.
- Bank guarantees and letters of credit
- NSW TCorp guarantees and letters of credit
- QLD TCorp guarantees and letters of credit
- Cash and other approved securities
Contact your SFE Clearing Participant(s) to discuss how to trade futures using a guarantee to tailor the timing of cash settlements to suit your business.
Market Participants may trade with over 26 Australian energy companies (and other market participants) using just one guarantee.
Treasury and Settlement functions - guarantee arrangements may reduce the frequency of settlement adjustments.
For further information, please contact d-cyphaTrade.