Summary
This circular informs DCPs about the upcoming bank holidays and its effects regarding their trading limits.
Limit calculation on upcoming bank holiday
Due to the bank holiday in the UK, there will be no settlement and no limit calculation on 26 May 2025 for the UK market. As a result, the collateral you have with ECC will be split over a longer period resulting in lower limits for all UK markets you are admitted to as the base limit requirements increase. In case you wish to increase your collateral, please provide us with the DCP O10 form as soon as possible , latest until Wednesday, 19 May 2025, 11:00 am CEST.
To simulate your limits over the holidays please use our DCP Limit Tool.
DCP Risk Management
If your base limit for non-business days is set to 0 on GBP markets, you will have a limit of 0 on Friday, 23 May between approx.4:00-6:00 pm CEST. If you want to change this, please hand in the O09 form by 21 May.
Should you have any question, please do not hesitate to contact us via Phone: +49 341 24680-444 or via email: direct.clearing@ecc.de
CONTACT
ECC Direct Clearing
T +49 341 24680-444
Direct.clearing@ecc.de