Default Management

Financial default occurs if the energy market Non-clearing Member fails to meet by the applicable deadline the margin requirement or the daily purchase price settlement requirement.

Once default is established KELER CCP takes steps without delay to suspend the trading right of the defaulting Clearing Member with ECC and takes the available collaterals in line with the sequence of use stated in the General Business Rules.

Once default is closed KELER CCP calculates and collects the default fees.