THE FEES AND CHARGES TABLE

Transcription

1 THE FEES AND CHARGES TABLE I. The Membership Fees 1. The annual fees for IRGiT direct membership, depending on the type of activity being conducted: 1.1 Activity on one's own account 1.2 Activity on customers' account 1.3 The exchange member representative 1.4 The Market Maker PLN PLN PLN 2. The annual fee for IRGiT indirect membership PLN II. The fees for clearing and settlement of transactions entered into on the Exchange or of OTC deals 1. Annual fees for membership on the markets, electricity is subject of trading on which: 1.1 The annual transaction clearing fee (Variant I) 1.2 The annual transaction clearing fee (Variant II) 1.3 The annual transaction clearing fee (Variant III) 1.4 The annual fee for the Market Maker PLN PLN 400 PLN 2. Annual fees for participation on the markets, Gas is subject of trading on which: 2.1 The annual transaction clearing fee 2.2 The annual fee for the Market Maker PLN 3. Annual fees for participation on the futures market, the Property Rights under Certificates of Origin are subject of trading on which: 3.1 The annual transaction clearing fee 3.2 The annual fee for the Market Maker PLN Page 1 of 6

2 4. The clearing fees as well as the exchange transaction settlement fee: The fees as below shall be collected from each party of the transaction. The fee for clearing of transactions, entered into on the Exchange, electricity is subject of which (spot): 4.1 The fee for clearing of session transactions (Variant I) 4.2 The fee for clearing of session transactions (Variant II) 4.3 The fee for clearing of session transactions (Variant III) 4.4 The fee for clearing of OTC deals 4.5 The fee for clearing of transactions reckoned for the Market Maker 0,02 PLN per 1 MWh 0,18 PLN per 1 MWh 0,04 PLN per 1 MWh The fee for clearing of transactions, entered into on the Exchange, Gas is subject of which (spot): 4.6 The fee for clearing of session transactions 4.7 The fee for clearing of OTC deals 4.8 The fee for clearing of transactions reckoned for the Market Maker Exchange, the Property Rights under the Certificates of Origin for electricity generated in Renewable Energy Sources, are subject of which: 4.9 The fee for clearing of session transactions 4.10 The fee for clearing of OTC deals 0,14 PLN per 1 MWh 0,20 PLN per 1 MWh Exchange, the Property Rights under the Certificates of Origin for electricity generated in high-efficient CHP in the sources, mentioned in Article 9I paragraph 1 item 2 of the Power Law Act, are subject of which: 4.11 The fee for clearing of session transactions 4.12 The fee for clearing of OTC deals 0,02 PLN per 1 MWh 0,03 PLN per 1 MWh Exchange, the Property Rights under the Certificates of Origin for electricity generated in high-efficient CHP in other sources, mentioned in the Power Law Act, are subject of which: 4.13 The fee for clearing of session transactions 4.14 The fee for clearing of OTC deals 0,10 PLN per 1 MWh Page 2 of 6

3 Exchange, the Property Rights under the Certificates of Origin for biogas, mentioned in Article 9o paragraph 1 of the Power Law Act, are subject of which: 4.15 The fee for clearing of session transactions 4.16 The fee for clearing of OTC deals 0,14 PLN 0,20 PLN per 1 MWh per 1 MWh The fee for clearing of transactions, entered into on the Exchange, the Property Rights under Energy Efficiency Certificates mentioned in the Energy Efficiency Act, are subject of which: 4.17 The fee for clearing of session transactions 4.18 The fee for clearing of OTC deals Exchange, the Emission Allowances (EA) are subject of which: 3,20 PLN 4,00 PLN per 1 Toe per 1 Toe 4.19 The fee for clearing of session transactions 4.20 The fee for clearing of OTC deals Exchange, the Certified Emission Reduction Units (CER) are subject of which: per allowance per allowance 4.21 The fee for clearing of session transactions 4.22 The fee for clearing of OTC deals 5. The charges and fees for registration of forward contracts, entered into on the Exchange or OTC deals, the electricity, Gas of the Property Rights under Certificates of Origin are subject of which: 5.1 The charge for registration of the Positions, the electricity is subject of which, in recording accounts of the Clearing House 5.2 The charge for registration of the Positions, the electricity is 0,02 PLN per certificate per certificate per 1MWh subject of which, in recording accounts of Clearing House, reckoned for the Market Maker 5.3 The charge for registration of the Positions, the Gas is subject of which, in recording accounts of the Clearing House 5.4 The charge for registration of the Positions, the Gas is subject of which, in recording accounts of the Clearing House, reckoned for the Market Maker 5.5 The charge for registration of the Positions, the Property Rights under Certificates of Origin are subject of which, in recording accounts of the Clearing House 0,04 PLN per 1 MWh 0,40 PLN per 1 MWh Page 3 of 6

4 5.6 The charge for registration of the Positions, the Property Rights under Certificates of Origin are subject of which, in recording accounts of the Clearing House, reckoned for the Market Maker 6. The fee for clearing and settlement of the transactions, entered into on the Exchange or OTC deals, the electricity is subject of which: 6.1 Variant I 6.2 Variant II 6.3 Variant III 6.4 For the Market Maker 0,02 PLN per 1 MWh per 1 MWh 0,10 PLN per 1 MWh 7. The fee for clearing and settlement of the Positions in forward contracts, entered into on the Exchange or as OTC deals, the Gas is subject of which: 7.1 The clearing and settlement fee 7.2 The clearing and settlement fee for the Market Maker 0,04 PLN per 1 MWh 8. The fee for clearing and settlement of the Positions in forward contracts, entered into on the Exchange or as OTC deals, the Property Rights under Certificates of Origin are subject of which: 8.1 The clearing and settlement fee 8.2 The clearing and settlement fee for the Market Maker 0,40 PLN per 1 MWh III. Other fees and charges 1. The charge for causing a suspension of clearing of exchange commodities 1.1 The charge for causing a suspension of the settlement of transactions, entered into on the Exchange (SPOT), the Property Rights under Certificates of Origin are subject of which: 2% of the value of the suspended transaction, but not less than 500 PLN per day of the suspension of the settlement 1.2 The charge for causing a suspension of the settlement of transactions, entered into on the futures market, the Property Rights under Certificates of Origin are subject of which 2% of the value of the suspended transaction, but not less than PLN only once Page 4 of 6

5 2. The charge for causing the payment reservation for exchange commodities settlement The charge is derived from the entire value of the reserved payment, in accordance with the formula below: max. 1,5 x NBP collateral loan rate x n/365 x the reserved payment value, but not less than PLN per each case of reservation where: NBP - the National Bank of Poland, n - number of days, counted since the day the reservation (mentioned in 53 subparagraph 2) was caused on that till the day of removing the infringement conditions, understood as the moment of supplementing the means up to the amount of the required Delivery Margin, mentioned in The fee for management of the Clearing House s Members resources in the clearings securing system The fee is reckoned on the basis of the arithmetic average of the value of the Member s recognized assets of given type, according to the holdings on individual days of a calendar quarter. 3.1 The fee derived from the monetary resources lodged: - 0,2% in case, when the fee calculation basis is lower than 20 million PLN; - 0,1% in case, when the fee calculation basis is higher than 20 million PLN. 3.2 The fee derived from the non-cash collaterals lodged in form other than bank guarantees: 0,02%, but not more than PLN. 4. The fee for registration of non-cash collaterals in the 100 PLN collateral register (reckoned for each type of collaterals being lodged) 5. The fee for monthly servicing of the non-cash 100 PLN collaterals being lodged in form of bank guarantees 6. The fee for transfer of the exchange commodities position 50 PLN per registration per month per transfer of 1 transaction 7. The fee for opening accounts in the clearing system 7.1 The fee for opening the Clearing Account 500 PLN 7.2 per account The fee for opening the Trading Account 8. The annual fee for access to IRGiT web site containing the settlement reports (the issue concerns each established access from among the number higher than three) 500 PLN per account 200 PLN per access Page 5 of 6

6 9. The annual fee for access to db-direct Internet system in order to inspect the holding of resources being deposited by the Clearing House s Members in IRGiT clearings securing system (the issue concerns each established access from among the number higher than three) 10. The fee for the preparation and carrying out clearings in IRGiT training system 200 PLN per access 800 PLN man-day 11.The fee for the compensation of the Margins within the framework of Power Groups The fee to the amount of 0,01% derived from the amount of compensation is lodged by Members of the Power Group, the collateral margins having been lodged by which are decreased in result of the compensation. The fee is reckoned on the basis of the arithmetic average of the compensation amount for individual Members of the Power Group, according to the holdings on individual days of a calendar quarter. 12. The fee for training services All fees and charges presented in the Fee and the Charge Table above do not include VAT. Page 6 of 6