Changes to Daily Settlement Price Procedures
Fri 5 Jun 2009
SFE Operational Policies - Version 4.3
The latest version of the SFE Operational Policies (Version 4.3) is available on the d-cyphaTrade website. The changes from the previous version (4.2) are listed in SFE Notice 098/09 and will be effective from 8 June 2009.
Section 10: Daily Settlement Price (DSP) determination process for Energy Futures
An update has been made to reflect an adjustment that will be applied to DSP for Australian Electricity Products.
- The DSP determination process for futures strip products will incorporate prices implied from underlying quarterly futures products where more competitive.
- The DSP determination process for quarterly futures products will incorporate prices implied from the relevant futures strip product where more competitive.
Worked examples are provided in the SFE Operational Policies - http://www.asx.com.au/supervision/pdf/sfe_operating_rules/sfe_operational_policies.pdf