Dear Clients,
According to the client information posted on 4 December 2019, FGSZ Trading Platform Ltd. 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. In addition, the imbalance charges from balancing will be cleared and financially settled daily in Euro.
We inform you that contrary to the Client Information posted earlier the gas market turnover margin will continue to be determined due to the approval procedure of the General Business Rules of KELER CCP with the Central Bank of Hungary. Accordingly, as of 1 January 2020, KELER CCP will continue to reserve the right to determine turnover margin requirement and its financial settlement by gas market Clients in line with the applicable rules.
All additional information provided in the aforementioned client information is up-to-date and will be introduced as of 1 January 2020.
Sincerely,
KELER CCP Ltd.