SFE Clearing Initial Margin Rates for Electricity Contracts - 14 October 2008
Thu 9 Oct 2008
SFE Clearing Initial Margin Rates for Electricity Contracts, 14 October 2008
SFE Clearing Corporation has reviewed the price volatility of all d-cypha SFE Australian Electricity Futures contracts and has approved the margin changes shown in SFE Notice 147/08.
The adjustments follow SFECC’s ongoing review of Electricity margin levels given current market volatility and price levels. Clearing Risk Operations monitors margin erosion using the existing margin erosion facility 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 Tuesday 14 October 2008, impacting margin calls made on Wednesday 15 October 2008.
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 Operations department on 9227-0595 or 9227 0236.