ELECTRICITY MARKET

A

Default guarantee account contribution

Default guarantee account contribution (TGH) is taken to be used in case the losses that may occur in the event of default by the market participants exceed the collaterals of the relevant market participants. The size of the default guarantee account cannot be less than the larger of the resource requirement that will arise in the event of a joint default of the market participant with the largest open position in the last 90 trading days and the market participants with the second and third largest open positions. It is calculated and updated at the latest on the last business day of each month.

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