ECC is continuously working on optimizing its risk management systems and adapting to changing market conditions. Since the introduction of the Straight-Through-Processing (STP) the cleared volume of this registration channel and the proportion of automatically confirmed trades has increased significantly. ECC will therefore also consider certain prices of the STP registered trades in its intraday risk valuation as of 17.03.2016. The technical implementation will be through the introduction of a new margin class “Intraday Variation Margin (IVM2) that will reflect updates of the intraday Variation Margin by considering certain trades registered through ECC’s trade import gateway, i.e. STP Broker trades and partner exchange transactions. At end-of-day the new margin class will always have a zero value.