Dear Clients,
We would like to in form you that FGSZ Trading Platform Ltd. (FGSZ TP) has decided to switch from the current Forint-based trading to trading in Euro, and to switch to daily financial settlement on the trading platform it operates, effective from gas delivery day of January 1, 2020. Gas day imbalance charges calculated by FGSZ Ltd. (FGSZ) during the settlement after the gas day – including the calculated and reported marginal prices during the gas day – will be expressed in EUR. Accordingly, all clearing, settlement and risk management related processes will be executed in EUR. In addition, financial settlement (purchase price settlement) is switched from the current monthly frequency to daily frequency.
With the aforementioned changes, all gas market segments cleared by KELER CCP will be converted to daily EUR clearing and financial settlement.
The related Client Information is available by clicking on the attachment below.
Sincerely,
KELER CCP Ltd.