Upcoming Christmas and New Year holidays – invoicing and payment schedule

Dear IBEX members,

With regard to the upcoming holidays we would like to remind you that a series of non-working days is coming. We would also like to remind that pursuant to Art. 231 of Power exchange operational rules the available collateral of trading participants intending to make purchases at positive prices and/or sales at negative prices has to be higher than the total liability to the operator, and the available collateral shall be equal or higher than the net incurred liability to the operator at any time.

In this regard we appeal that you take timely action in case updating of collateral is needed. 

You could find the invoicing and payment schedule during the upcoming holidays in the table below.