Summary
As result of a quarterly parameter review, ECC adjusts the risk parameters for the expiry month factor (EMF), the parameters for storable commodities in the Delivery Margin, the risk parameters for the Initial Margin Spot Market (IMSM) and Current Exposure Spot Market (CESM) (Sell Margin parameter OTE Natural Gas and GB Power) and the multiplier for the GB Price Independent Parameter (GB Imbalance Cost Ratio) as of 12 May 2025 as follows:
| Parameter | Current | New |
|---|---|---|
| EMF_min (Minimum Value of EMF) | 1.5 | 1.7 |
| Sell Margin Parameter OTE Natural Gas | -0.15 | -0.1 |
| Sell Margin Parameter GB Power | -0.45 | -0.4 |
| GB Imbalance Cost Ratio | 1.45 | 1.4 |
| Parameter for Delivery Margin – Haircut EGOH | 0.4 | 0.45 |
| Parameter for Delivery Margin – Haircut EGOW | 0.4 | 0.45 |
All other risk parameters remain unchanged.
Please find detailed information in the document below.
CONTACT
European Commodity Clearing AG
T +49 341 24680-444
clearing@ecc.de