Clearing Circular 12 /2023 | Spot Initial Margin Parameter Update

    As result of a regular parameter review, ECC plans to adjust the parameters for the Initial Margin Spot Market (IMSM) as of 8 March 2023 as follows:

    The new parameters applicable will be:

    α (multiplier for statistical component)2.92.3
    β (multiplier for maximum component)1.71.6

    All other IMSM model parameters remain unchanged.


    European Commodity Clearing AG
    Clearing & Settlement
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