SFE Clearing Initial Margin Rates for Electricity Contracts, 22 January 2009
Tue 20 Jan 2009
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 006/09.
The adjustments follow SFECC’s ongoing review of Electricity margin levels given current market volatility and price levels.
The revised margin parameters will be effective for open contracts as at close of business on Thursday 22 January 2009, impacting margin calls made on Friday 23 January 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 9227-0236 or 9227 0018.