SFE Clearing Initial Margin Rates for Electricity Contracts, 23 October 2009
Wed 21 Oct 2009
SFE Clearing Corporation has reviewed the price volatility of all d-cypha SFE Australian Electricity Futures contracts and has approved the margin changes as shown in SFE Notice 178/09.
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 23 October 2009, impacting margin calls made on Monday 26 October 2009.
Initial margin rates for all contracts are available here.
Should you have any queries in relation to the above, please contact the Clearing Risk Operations department on 9227-0532 or 9227-0236.