Background
As of now for financially settled monthly power contracts in delivery, the situation can occur that the final settlement price is not yet available on the expiry date of respective future contract. This ultimately leads to complexities such as variation margin corrections and special initial margin treatments.
Change to current procedure
ECC plans to abolish the need for this special treatment by shifting the expiry date in these calendric constellations to the next ECC business day which is in the upcoming month. By this, no variation margin correction nor special initial margin handling is necessary anymore for this use case.
Please find detailled information in the download document.