Physical Settlement

The transactions made on CEEGEX 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 nomination message to FGSZ; it does not guarantee physical settlement. The nomination message informs the system operator on the following gas day one direction delivery positions of CEEGEX Clearing Members based on the CEEGEX transactions.