Contract Collateral
It is the collateral to be provided in order to have a long or short position in the futures electricity market in the financial period. The contract margin is calculated as follows:
Where,
KT : Contract Collateral
AF : Opening Price
A : Daily Price Change Rate (0,07)
L : Net Lot of Position
KB : Contract Size
TDS : Number of Hours in the Delivery Period.
- It is calculated only for contracts within the financial period.
- At the end of the session, if there is no GGF, the most recent AF is used.
- The most up-to-date AF is used during the session.
- If a base price tender is held for contracts to be traded for the first time, the bid prices and amount are used.