Settlement

All fees related to the membership on the Day Ahead Market and amounts arising as a result of transactions concluded on the power exchange, including the amounts deposited by the members who have chosen to cover their obligations on a weekly basis, should be transferred to the following bank account:

IBAN: BG78 UNCR 7000 1522 3562 42 
BIC CODE: UNCR BGSF 
Bank: Unicredit Bulbank AD
Recipient: BNEB EAD

Collateral

The Clearing and Settlement System (CASS) provides all market participants with access to the information regarding the type and value of the available and the required collateral. The required collateral is determined by IBEX based on an established model for calculation and defined risk parameters, in BGN for each financial day, and is visualized in the CASS platform after the completion of the settlement process at 14:30 CET.

• Margin Model
• Risk Indicators
• Risk Calculator

In case of required increase of the collateral, IBEX shall accept the increased collateral amount in any of the following forms:

• Cash deposit to the following bank account:

• A bank guarantee, meeting the eligibility requirements and accepted by IBEX.

In case the requirements for collateral release are met, IBEX shall take action upon written request by the market participant in the following form:

• Application of collateral release