ASX Clear (Futures) Initial Margin Rates for Electricity Contracts, 12 August 2011
Wed 10 Aug 2011
ASX Clearing Corporation has reviewed the price volatility of all d-cyphaTrade ASX Australian Electricity Futures contracts and has approved the margin change as shown in ASX 24 Notice 146/11.
The adjustment follows ASX Clear (Futures) review of Electricity margin levels given current market volatility and price levels. Clearing Risk Management 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 Friday 12 August 2011, impacting margin calls made on Monday 15 August 2011.
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 0448.