Physical Settlement

The transactions made on CEEGEX/HUDEX are settled with physical delivery, however, FGSZ, the system operator licensee controls and guarantees the process of physical delivery. The role of KELER CCP in the process of physical settlement is limited to sending the daily futures delivery positions to HUDEX; KELER CCP does not guarantee physical settlement. Nominations are sent real time as transaction notifications by CEEGEX/HUDEX to the FGSZ Information Platform system. The nomination message informs the transmission system operator about the intraday and next gas day netted delivery positions of CEEGEX/HUDEX Clearing Members based on the CEEGEX/HUDEX transactions.