SFE Clearing Initial Margin Rates for Electricity Contracts, 8 June 2009
Tue 2 Jun 2009
SFE Clearing Corporation has reviewed the price volatility of the d-cypha SFE Cap June 09 Australian Electricity Futures contract and has approved the margin change as shown in SFE Notice 093/09.
The adjustment follows 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 parameter will be effective for open contracts as at close of business on Friday 5 June 2009, impacting margin calls made on Monday 8 June 2009.
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 0532.